Newspaper article The Canadian Press

Billions Change Hands as April Home Sales Set Record in British Columbia

Newspaper article The Canadian Press

Billions Change Hands as April Home Sales Set Record in British Columbia

Article excerpt

April another record month for B.C. home sales

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VANCOUVER - More property sales records tumbled in April according to the British Columbia Real Estate Association.

A release from the association says a record 12,969 homes were sold last month in B.C., a 30 per cent increase over the same period last year.

Sales also eclipsed the record of 12,560 units set in March.

The release says $9.64 billion changed hands in April, a leap of almost 53 per cent compared to April 2015.

Year-over-year sales dollar volume rocketed to $31.2 billion, up 64 per cent.

The real estate association reports the average price of a home in B.C. nudged $744,000 last month, a 17 per cent hike in one year.

"Housing demand is exceptionally strong across the southern regions of the province," said Cameron Muir, BCREA chief economist. …

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