| Hottest April for Home Sales in a Decade |
Vancouver, BC – May 14, 2015. The British Columbia Real Estate Association (BCREA) reports
that a total of 9,952 residential unit sales were recorded by the Multiple Listing Service® (MLS®)
in April, up 28.7 per cent from the same month last year. Total sales dollar volume was $6.3
billion, a 45.5 per cent increase in comparison to the
previous year. The average MLS® residential price in
the province rose to $634,744, a 13 per cent
increase since last April.
"Last month was the strongest April for home sales
in a decade," said Cameron Muir, BCREA Chief
Economist. "The elevated level of buying activity this
spring is now expected to push 2015 home sales to
their highest level since 2007."
"Consumers are taking full advantage of rock bottom
interest rates and are demonstrating significant confidence in the housing market," added
Muir. "However, dwindling inventories combined with competition for detached homes in the
province`s large urban markets is pushing home prices higher."
During the first four months of 2015, BC residential sales dollar volume rose 37.1 per cent to
$19 billion, when compared with the same period in 2014. Residential unit sales increased by
24.5 per cent to 30,091 units, while the average MLS® residential price rose 10.1 per cent to
For more information, please contact:
|Cameron Muir |
|Chief Economist |
|Direct: 604.742.2780 |
|Mobile: 778.229.1884 |
|Email: [email protected] |
The British Columbia Real Estate Association (BCREA) is the professional association for over 19,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province's 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.
To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.
For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada's real estate boards to ensure maximum exposure of properties listed for sale.
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