More options for buyers as British Columbia home sales skid, high prices stay
VANCOUVER — Prices remain steep, but prospective homebuyers in British Columbia may be gaining more selection thanks to slowing sales in a notoriously feverish market, say experts.
“Home sales are not at the frenetic level that we saw earlier this year, and that’s probably good news for homebuyers,” said chief economist Cameron Muir of the British Columbia Real Estate Association.
“We’re likely going to see some increases in inventory.”
The association said on Thursday the Multiple Listing Service recorded that 9,900 residential units changed hands in July, a 3.4 per cent decline compared with July 2015.