{"id":13655,"date":"2019-09-12T10:10:39","date_gmt":"2019-09-12T17:10:39","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13655"},"modified":"2019-09-12T08:46:48","modified_gmt":"2019-09-12T15:46:48","slug":"bcrea-housing-demand-continues-to-recover","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/09\/bcrea-housing-demand-continues-to-recover\/","title":{"rendered":"BCREA Housing Demand Continues to Recover"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 September 12, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 7,093 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in August, an increase of 4.9% from the same month last year. The average MLS\u00ae residential price in the province was $685,575, an increase of 2.6% from August 2018. Total sales dollar volume was $4.86 billion, a 7.6% increase from the same month last year.<\/p>\n<p style=\"text-align: justify;\">BC home sales continue to recover from a policy-driven downturn,\u201d said BCREA Deputy Chief Economist Brendon Ogmundson. Home sales have been rising through the spring and summer, but still remain well below pre-B20 stress test levels.&#8221;<\/p>\n<p style=\"text-align: justify;\">MLS\u00ae residential active listings in the province were up 10% from August 2018 to 40,098 units and were essentially flat compared to July on a seasonally adjusted basis. Overall market conditions remained in a balanced range with a sales-to-active listings ratio of about 18 per cent.<\/p>\n<p>Year-to-date, BC residential sales dollar volume was down 16% to $34.9 billion, compared with the same period in 2018. Residential unit sales were 12.2% lower at 50,806 units, while the average MLS\u00ae residential price was down 4.4% year-to-date at $686,303.<\/p>\n<p>\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=13656\" rel=\"attachment wp-att-13656\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-13656\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/09\/BCREA-288x216.gif\" alt=\"\" width=\"555\" height=\"416\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/09\/BCREA-288x216.gif 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/09\/BCREA-768x576.gif 768w\" sizes=\"auto, (max-width: 555px) 100vw, 555px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2019-08.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/housing-demand-continues-to-recover-in-august\/\" target=\"_blank\" rel=\"noopener noreferrer\">BCREA Housing Demand Continues to Recover in August<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 September 12, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 7,093 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/09\/bcrea-housing-demand-continues-to-recover\/\">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-13655","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Housing Demand Continues to Recover &#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\/2019\/09\/bcrea-housing-demand-continues-to-recover\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Housing Demand Continues to Recover &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 September 12, 2019. 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