Newspaper article The Canadian Press

Property Sales Set Blistering Pace in February across British Columbia

Newspaper article The Canadian Press

Property Sales Set Blistering Pace in February across British Columbia

Article excerpt

February marked by sizzling property sales in B.C.

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VANCOUVER - February was a record-shattering month for home sales in British Columbia, with a 44.7 per cent hike compared to the same month last year.

The B.C. Real Estate Association said 9,637 residential units changed hands across the province in February.

That was 1,480 units higher than the previous sales record for February, set in 1992.

"Housing demand is now at a break-neck pace," said Cameron Muir, the association's chief economist.

"Home sales last month were not only a record for the month of February, but on a seasonally adjusted basis, demand has never been stronger in the province," he said.

Value of total sales also surged to $7.51 billion, up 76. …

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