Newspaper article The Canadian Press

B.C. Home Sales Slide in October, but Show Strength in Some Regions Says Analyst

Newspaper article The Canadian Press

B.C. Home Sales Slide in October, but Show Strength in Some Regions Says Analyst

Article excerpt

B.C. home sales mixed in October

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VANCOUVER - Figures from the British Columbia Real Estate Association show October was another challenging month for housing sales in some parts of British Columbia, while other regions prospered.

The association says 7,272 residential properties changed hands in October, a decline of 16.7 per cent compared with October 2015.

The total amount of all October sales was $4.4-billion, a tumble of 24.2 per cent compared with the same period last year.

The average price of a home was $606,787, down 9.1 per cent.

Association chief economist Cameron Muir says home sales across the Metro Vancouver area fell when compared with the elevated levels of last October, but he says the numbers show sales in the metro region stabilized on a month-to-month basis. …

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