{"id":1612,"date":"2016-04-15T08:55:04","date_gmt":"2016-04-15T15:55:04","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=1612"},"modified":"2016-04-15T08:55:15","modified_gmt":"2016-04-15T15:55:15","slug":"bc-home-sales-post-all-time-record","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/04\/bc-home-sales-post-all-time-record\/","title":{"rendered":"BC Home Sales Post All Time Record"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 April 15, 2016. The British Columbia Real Estate Association (BCREA) reports that a record 12,560 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in March, up 38% from March of last year. Home sales last month eclipsed the previous record of 11,683 unit sales in May of 2007. Total sales dollar volume was $9.69 billion in March, up 66.9 per cent compared to the previous year. The average MLS\u00ae residential price in the province was up 20.2% year-over-year, to $771,620.<\/p>\n<p style=\"text-align: justify;\">\u201cHousing demand has never been stronger in the province,\u201d said Cameron Muir, BCREA Chief Economist. \u201cMost large population centres of the province are now experiencing record levels of housing demand.\u201c<br \/>\n\u201cStrong employment growth, rising wages and a marked increase in net inter-provincial migration is fueling consumer confidence,\u201d added Muir.<\/p>\n<p style=\"text-align: justify;\">Supply imbalances are becoming increasingly common as new residential listings are not keeping pace with consumer demand. As a result, the inventory of homes for sale is at decade-long lows in many regions.<\/p>\n<p style=\"text-align: justify;\">The year-to-date, BC residential sales dollar volume increased 70.1% to $21.59 billion, when compared with the same period in 2015. Residential unit sales climbed by 39.2% to 28,028 units, while the average MLS\u00ae residential price was up 22.2% to $770,408.<\/p>\n<p style=\"text-align: justify;\">\u00a0\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/04\/bcrea.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1613\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/04\/bcrea-300x183.jpg\" alt=\"bcrea\" width=\"531\" height=\"324\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/04\/bcrea-300x183.jpg 300w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2016\/04\/bcrea.jpg 366w\" sizes=\"auto, (max-width: 531px) 100vw, 531px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.bcrea.bc.ca\/docs\/news-2016\/2016-03.pdf\" target=\"_blank\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 April 15, 2016. The British Columbia Real Estate Association (BCREA) reports that a record 12,560 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/04\/bc-home-sales-post-all-time-record\/\">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-1612","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>BC Home Sales Post All Time Record &#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\/2016\/04\/bc-home-sales-post-all-time-record\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BC Home Sales Post All Time Record &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 April 15, 2016. 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