"BC home sales continued to gain ground in November" said Cameron Muir, BCREA Chief Economist. After waning during the first half of the year, consumer demand has steadily increased since the summer months, bringing home sales within seven units of the November 2010 level."
"Low mortgage interest rates remain a key driver in the housing market, helping to maintain affordability and purchasing power" added Muir.
Year-to-date, BC residential sales dollar volume increased 15.5 per cent to $41 billion, compared to the same period last year. Residential unit sales increased 3.2 per cent to 72,632 units, while the average MLS® residential price rose 11.9 per cent to $563,991 over the same period.
My business grows by building strong client-focused relationships. I would welcome the opportunity to answer any questions about the real estate market that you may have.
If you would like to find out how much your home is worth in today's market, to discuss listing your home or buying a new home, please contact me on (604) 781-5692 or via email - tim@timwray.ca