Newspaper article The Canadian Press

B.C. Home Sales Stayed Strong in August but Experts Predict Change Is Coming

Newspaper article The Canadian Press

B.C. Home Sales Stayed Strong in August but Experts Predict Change Is Coming

Article excerpt

August home sales strong in B.C., but change afoot

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VANCOUVER - The association representing realtors in British Columbia says home sales remained healthy across the province in August, but it expects to see a change over the coming months.

The B.C. Real Estate Association says 9,162 residential properties were sold in August.

That's a 2.4 per cent increase compared with the same period last year.

The total dollar value of all sales climbed significantly to $6.2 billion, a 22 per cent jump from August 2016, while the association says the average property price was up 19.1 per cent to $678,186.

Association chief economist Cameron Muir points to strong economic conditions propelling the August sales, which he says mirror figures in July on a seasonally adjusted basis. …

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