Continuous Decrease In BC Home Sales

Through the MLS of British Columbia Real Estate Board, the home sales figure declined during last month by 31.7 per cent unlike the previous year, however, the home sales number was similar with a longstanding standing.

The Chief Economist of BCREA, Cameron Muir said; “Consumer demand has returned to a more typical level over the first two months of the year. While the home sales have declined nearly 32 per cent from the extraordinary performance of a year ago, last month’s activity reflected the average for February since the year 2000.”

The price figure was affected by subordinate sales in the extravagant Vancouver area and it went down to an average $688,117, with year-over-year by 11.7 per cent.