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Balanced Conditions Prevail in BC Real Estate Housing Market.

Home > Market News > Tom’s Blog > Balanced Conditions Prevail in BC Real Estate Housing Market.

  • Photograph of Tom Whitfield
  • Parksville Qualicum Beach REALTOR®
  • Published: Nov 16th, 2018 at 3:53 pm

The British Columbia Real Estate Association (BCREA) reports that residential unit sales across the province were down by 26.2% compared to the same month last year. The average residential price in BC was down 4.1% from October 2017. Total sales volume showed a decline of 29.3% from October 2017. The BC housing market continues to grapple with tougher mortgage qualifications in October. However, more modest consumer demand has led to a much-needed increase in the supply of homes for sale, said Cameron Muir, BCREA Chief Economist (November 12, 2018).

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