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Housing Market Activity Normalizing After a Frenetic Year
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Province s overall home prices up 22 percent from a year ago
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The average MLS residential price in BC was $946,606, a 29.1 per cent increase from $733,330 recorded in April 2020. Total sales dollar volume was $12.9 billion, a 432.2 per cent increase from last year. “Although provincial home sales were down slightly from an all-time high in March, sales activity was the highest on record for April,” said BCREA Chief Economist Brendon Ogmundson. “Home sales continue on a record pace, though we do see a calming environment compared to the frenzied activity of recent months.”
VANCOUVER – The British Columbia Real Estate Association (BCREA) reports that a total of 13,683 residential unit sales were recorded by the Multiple Listing Service (MLS) in April 2021, an increase of 312.3 per cent over April 2020 when the onset of the COVID-19 pandemic prompted a lockdown of the provincial economy.
A real estate sign is pictured in Vancouver on June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
The average MLS residential price in BC was $947,707, a 20.4 per cent increase from $787,032 recorded in March 2020. It should be noted that average prices across the province are being skewed higher as more expensive single-detached homes remain a higher share of dollar volume during the pandemic. Total sales dollar volume was $14.3 billion, a 168.9 per cent increase from last year.
VANCOUVER – The British Columbia Real Estate Association (BCREA) reports that a total of 15,073 residential unit sales were recorded by the Multiple Listing Service (MLS) in March 2021, an increase of 123.3 per cent over March 2020 and a new all-time record for monthly BC home sales.
Record-setting month for B C homes sales
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