Vancouver, BC – May 13, 2016. The British Columbia Real Estate Association (BCREA) reports that a record 12,969 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, up 30.3% from the same month last year. Home sales last month beat March’s record of 12,560 units. Total sales dollar volume was $9.64 billion in April, up 52.7% compared to the previous year. The average MLS® residential price in the province was up 17.2% year-over-year, to $743,640.

“Housing demand is exceptionally strong across the southern regions of the province,” said Cameron Muir, BCREA Chief Economist. “Consumers appear to be particularly active in the Vancouver Island, the Fraser Valley and the Thompson/Okanagan regions.“

“Strong employment growth is helping underpin consumer confidence,” added Muir. The BC economy employed more than 78,000 additional workers during the first four months of the year, an increase of 3.5% compared to the same period last year.

The year-to-date, BC residential sales dollar volume increased 64.3% to $31.2 billion, when compared with the same period in 2015. Residential unit sales climbed by 36.2% to 28,028 units, while the average MLS® residential price was up 20.6% to $761,860.

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