{"id":7964,"date":"2018-01-12T09:18:34","date_gmt":"2018-01-12T17:18:34","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=7964"},"modified":"2018-01-12T09:18:34","modified_gmt":"2018-01-12T17:18:34","slug":"bc-home-sales-above-100000-for-third-consecutive-year","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/01\/bc-home-sales-above-100000-for-third-consecutive-year\/","title":{"rendered":"BC Home Sales Above 100,000 for Third Consecutive Year"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 January 12, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 103,763 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) across the province in 2017, a decline of 7.5% from a record 112,211 unit sales in 2016. The average MLS\u00ae residential price in BC was $709,579 in 2017, up 2.7% from the previous year. Total sales dollar volume was $73.63 billion, down 5.1% from 2016.<\/p>\n<p style=\"text-align: justify;\">\u201cRobust housing demand in 2017 was underpinned by a strong economy, employment growth and rising wages,&#8221; said Cameron Muir, BCREA Chief Economist. &#8220;Above trend migration, both international and interprovincial, also bolstered housing demand, while broader demographic fundamentals added fuel to condominium sales in urban centres and to all home types in retirement-oriented communities.&#8221;<\/p>\n<p style=\"text-align: justify;\">The BC housing market ended the year with a strong December. Home sales increased 4% from November, on a seasonally adjusted basis. However, the year-end results were likely pushed higher by some homebuyers advancing their purchases to avoid tougher mortgage qualification rules in the new year.<\/p>\n<p style=\"text-align: justify;\">In December, a total of 5,738 residential unit sales were recorded by the MLS\u00ae across the province, an increase of 21.5% from the same period last year. Total sales dollar volume was $4.2 billion, up 36.3% from December 2016. The average MLS\u00ae residential price in the province was $734,108, up 12.1% from the same month last year.<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/2018\/01\/bc-home-sales-above-100000-for-third-consecutive-year\/bcrea-26\/\" rel=\"attachment wp-att-7965\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-7965\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/01\/BCREA-300x169.gif\" alt=\"\" width=\"550\" height=\"310\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/01\/BCREA-300x169.gif 300w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/01\/BCREA-768x432.gif 768w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/01\/BCREA-420x236.gif 420w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/01\/BCREA-310x174.gif 310w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/01\/BCREA-630x354.gif 630w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.bcrea.bc.ca\/docs\/news-2017\/2017-12.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 January 12, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 103,763 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/01\/bc-home-sales-above-100000-for-third-consecutive-year\/\">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-7964","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BC Home Sales Above 100,000 for Third Consecutive Year &#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\/01\/bc-home-sales-above-100000-for-third-consecutive-year\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BC Home Sales Above 100,000 for Third Consecutive Year &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 January 12, 2017. 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