Home sales in B.C. rise in October despite higher prices, less choice
VANCOUVER — British Columbia’s housing market continues to power forward even though real estate experts say fewer properties are available for sale.
The British Columbia Real Estate Association says there were 8,677 residential sales across the province in October, a leap of 19.3 per cent over the same period last year.
The association says $6.25 billion changed hands during last month’s transactions, a 41.6 per cent increase over total sales value recorded in October 2016.
The average residential price also climbed to $720,129, up 18.7 per cent over the same period last year.