{"id":10865,"date":"2018-11-14T08:08:41","date_gmt":"2018-11-14T16:08:41","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=10865"},"modified":"2018-11-14T07:42:40","modified_gmt":"2018-11-14T15:42:40","slug":"bcrea-balanced-conditions-prevail-in-bc-housing-market","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-balanced-conditions-prevail-in-bc-housing-market\/","title":{"rendered":"BCREA Balanced Conditions Prevail in BC Housing Market"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 November 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,405 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) across the province in October, down 26.2% from the same month last year. The average MLS\u00ae residential price in BC was $690,161, a decline of 4.1% from October 2017. Total sales dollar volume was $4.2 billion, a 29.3% decline from October 2017.<\/p>\n<p style=\"text-align: justify;\">\u201cThe BC housing market continued to grapple with tougher mortgage qualifications in October,\u201d said Cameron Muir, BCREA Chief Economist. \u201cHowever, more moderate consumer demand has led to a much-needed increase in the supply of homes for sale.\u201d<\/p>\n<p style=\"text-align: justify;\">Total active residential listings were up nearly 30% to 36,195 units in October, compared to the same month last year. While the BC housing market exhibited balanced conditions overall in October, market conditions do vary between regions and by product type.<\/p>\n<p style=\"text-align: justify;\">Year-to-date, BC residential sales dollar volume was down 22.1% to $49.7 billion, compared with the same period in 2017. Residential unit sales decreased 22.8% to 69,664 units, while the average MLS\u00ae residential price was up 1% to $713,662.<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=10866\" rel=\"attachment wp-att-10866\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-10866\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/11\/BCREA-1-288x162.gif\" alt=\"\" width=\"550\" height=\"309\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/11\/BCREA-1-288x162.gif 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/11\/BCREA-1-768x432.gif 768w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/11\/BCREA-1-420x236.gif 420w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/11\/BCREA-1-310x174.gif 310w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/11\/BCREA-1-630x354.gif 630w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.bcrea.bc.ca\/docs\/news-2018\/2018-10.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 November 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,405 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-balanced-conditions-prevail-in-bc-housing-market\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-10865","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Balanced Conditions Prevail in BC Housing Market &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/11\/bcrea-balanced-conditions-prevail-in-bc-housing-market\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Balanced Conditions Prevail in BC Housing Market &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 November 14, 2018. 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