Saturday, 17 September 2011

BCREA Reports Home Sales Stable During Summer Month - September 2011 Update



Vancouver, BC – September 14, 2011. The British Columbia Real Estate Association
(BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province
rose 16.4 per cent to 6,504 units in August compared to the same month last year.

The average MLS® residential price climbed 10.7 per cent to $539,953 last month compared to August 2010.
“BC home sales edged up one per cent in August compared to July on a seasonally adjusted basis,”
said Cameron Muir, BCREA Chief Economist.“Low mortgage interest rates continued to underpin housing demand in the province last month.”

 “Total active listings in the province remained elevated in August,” added Muir. “Most regional markets exhibited buyer’s market conditions, meaning little upward pressure on home prices.

For the full report please view http://www.bcrea.bc.ca/news_room/2011-08.pdf

Kind regards

Trish Cenci

Tel 250 864 1707

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