Newspaper article The Canadian Press

B.C. Home Sales 'Typical' for February but Far Short of February 2016

Newspaper article The Canadian Press

B.C. Home Sales 'Typical' for February but Far Short of February 2016

Article excerpt

B.C. home sales return to 'typical' levels

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VANCOUVER - Home sales across British Columbia in February were typical for the month, according to real estate experts, but when compared to sales just one year earlier, the numbers appear much more stark.

The British Columbia Real Estate Association says a total of 6,580 residential unit sales were recorded by the Multiple Listing Service in February and the average price of a home was $688,117.

Association chief economist Cameron Muir says in a news release that consumer demand has returned to a more typical level and the latest numbers reflect February averages since 2000.

They contrast with what Muir calls "the extraordinary performance of a year ago," as the association reports home sales in February were down 31. …

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