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June 15, 2009
Canadian home resale prices rise
According to this report from Reuters, resale prices for Canadian homes rose to their highest average on record in May as consumer confidence strengthened. The increase was more favorable in British Columbia and Alberta.
The average home price last month rose 0.4% to $319,757, topping the previous record set a year ago and the average price recovered 16.4% from the January low.Posted on June 15, 2009 at 06:05 AM in British Columbia Real Estate Market | Permalink | Comments (0) | TrackBack
June 12, 2009
BC Sales Climb in May
The British Columbia Real Estate Association reported that MLS listed residential home sales increased 3% last month compared to May 2008. It was the first year-over-year increase since December 2007. Last month was also the highest number of residential sales since April 2008 and it represented the 4th month in a row of increased sales.
Posted on June 12, 2009 at 12:56 AM in Vancouver Real Estate Market | Permalink | Comments (0) | TrackBack
