{"id":1994,"date":"2016-05-16T10:10:39","date_gmt":"2016-05-16T17:10:39","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=1994"},"modified":"2016-05-16T09:34:55","modified_gmt":"2016-05-16T16:34:55","slug":"market-boom-helping-investors-get-rich","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/05\/market-boom-helping-investors-get-rich\/","title":{"rendered":"Market Boom Helping Investors Get Rich"},"content":{"rendered":"<p style=\"text-align: justify;\">Investors continue to cash in, with this red hot market continuing to break records.<\/p>\n<p style=\"text-align: justify;\">&#8220;Housing demand is exceptionally strong across the southern regions of the province,\u201d Cameron Muir, BCREA Chief Economist, said in a release. \u201cConsumers appear to be particularly active in the Vancouver Island, the Fraser Valley and the Thompson\/Okanagan regions.\u201d<\/p>\n<p style=\"text-align: justify;\">\u201cStrong employment growth is helping underpin consumer confidence.\u201d<\/p>\n<p style=\"text-align: justify;\">According to the British Columbia Real Estate Association (BCREA), a record 12,969 residential sales were reported in April \u2013 a 30.3% increase year-over-year.<\/p>\n<p style=\"text-align: justify;\">Total sales reached $9.64 billion in April, a 52.7% hike. To date, sales volume increased 64.3% this year to $31.2 billion. Total residential sales increased 36.2% to 28,028 units.<\/p>\n<p style=\"text-align: justify;\">The average price, meanwhile, increased 17.2% year-over-year, reaching $743,640.<\/p>\n<p style=\"text-align: justify;\">The BC economy added 78,000 jobs this year, representing a 3.5% year-over-year increase in job creation.<\/p>\n<p style=\"text-align: justify;\">\u201cStrong employment growth is helping underpin consumer confidence,\u201d Muir said.<\/p>\n<p><a href=\"http:\/\/www.canadianrealestatemagazine.ca\/news\/market-boom-helping-investors-get-rich-207389.aspx\" target=\"_blank\">Market Boom Helping Investors Get Rich<\/a> by Justin da Rosa | Canadain Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors continue to cash in, with this red hot market continuing to break records. &#8220;Housing demand is exceptionally strong across the southern regions of the province,\u201d Cameron Muir, BCREA Chief &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/05\/market-boom-helping-investors-get-rich\/\">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-1994","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>Market Boom Helping Investors Get Rich &#8226; 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