| November Home Sales Second Strongest on Record |
Vancouver, BC – December 14, 2015. The British Columbia Real Estate Association (BCREA)
reports that a total of 8,032 residential unit sales were recorded by the Multiple Listing Service®
(MLS®) in November, up 34.5 per cent from the same month last year. Total sales dollar volume
was $5.38 billion, up 56.4 per cent compared to the previous year. The average MLS®
residential price in the province rose to
$668,317, up 16.3 per cent from November
"Housing demand last month was the
second strongest ever recorded for the
month of November," said Cameron Muir,
BCREA Chief Economist. "You'd need to
look all the way back to the frenetic market
of 1989 to find more homes trading hands
The largest increase in consumer demand occurred in the Fraser Valley, where home sales
climbed over 60 per cent from November 2014. Vancouver and Chilliwack experienced an
increase of over 40 per cent, while Kamloops home sales were up 30 per cent.
The year-to-date, BC residential sales dollar volume increased 35.4 per cent to $60.7 billion,
when compared with the same period in 2014. Residential unit sales climbed by 21.5 per cent
to 95,927 units, while the average MLS® residential price was up 11.4 per cent to $632,209.
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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