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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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