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B.C. Real Estate Association Reports Nearly 30 Per Cent Decrease In Residential Sales From Last Year

B.C. real estate association reports nearly 30 per cent decrease in residential sales from last year

For CBC News

The British Columbia Real Estate Association says there’s been a substantial decrease in the total number of residential unit sales in the province compared to last year.

The newest numbers from the association show there were 8,837 sales this month — a 28.7 per cent decrease from the same month last year.

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The average sale price of a residential unit in British Columbia also decreased by 1.7 per cent to $739,783 compared to last year.

Residential units include individual, detached homes and apartments in a condominium.

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