{"id":6699,"date":"2017-08-14T10:10:00","date_gmt":"2017-08-14T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=6699"},"modified":"2017-08-14T07:17:01","modified_gmt":"2017-08-14T14:17:01","slug":"summer-housing-market-continues-to-sizzle","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/08\/summer-housing-market-continues-to-sizzle\/","title":{"rendered":"Summer Housing Market Continues to Sizzle"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 August 14, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 9,275 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in July, down 6.3% from the same period last year. Total sales dollar volume was $6.48 billion, down 1.3% from July 2016. The average MLS\u00ae residential price in the province was $698,761, a 5.3% increase from the same period last year.<\/p>\n<p style=\"text-align: justify;\">\u201cStrong economic growth, an expanding population base and a lack of supply continue to drive BC home sales and prices this summer,&#8221; said Cameron Muir, BCREA Chief Economist. &#8220;However, home sales have edged back 4% since May, with active listings beginning to bounce back from a 20-year low,&#8221; added Muir. &#8220;If these trends continue, it may signal that more balanced market conditions could emerge before the end of the year.&#8221;<\/p>\n<p style=\"text-align: justify;\">Year-to-date, BC residential sales dollar volume was down 19.3% to $45.6 billion, when compared with the same period in 2016. Residential unit sales declined 17.0% to 64,107 units, while the average MLS\u00ae residential price was down 2.8% to $710,921.<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/08\/BCREA.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-6700\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/08\/BCREA-300x169.jpg\" alt=\"\" width=\"550\" height=\"310\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/08\/BCREA-300x169.jpg 300w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/08\/BCREA-768x432.jpg 768w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/08\/BCREA-420x236.jpg 420w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/08\/BCREA-310x174.jpg 310w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/08\/BCREA-630x354.jpg 630w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/08\/BCREA.jpg 800w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.bcrea.bc.ca\/docs\/news-2017\/2017-07.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 August 14, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 9,275 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2017\/08\/summer-housing-market-continues-to-sizzle\/\">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-6699","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>Summer Housing Market Continues to Sizzle &#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\/2017\/08\/summer-housing-market-continues-to-sizzle\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Summer Housing Market Continues to Sizzle &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 August 14, 2017. 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