Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC –…
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.