B.C. house values continue to rise

By The Canadian Press
October 12, 2017 - 7:09am

VANCOUVER — The average price of a home in B-C continues to rise, according to the latest data from the B-C Real Estate Association.

    The association says just over 83-hundred residential units changed hands in September, a nearly 10 per cent increase compared with last September, while the average price leaped 18.5 per cent over the same period.

    Real estate association chief economist Cameron Muir says a lack of new homes on the market is one reason for the ever-climbing prices, as purchasers compete for available listings.

    He says the strong economy supports more home sales but the high cost of owning property continues to be a barrier, especially for first-time buyers.

(The Canadian Press)

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