After a flurry of unexpectedly strong early-fall activity, the housing market across B.C. is “firming,” according to a report released yesterday (Dec. 12) by the B.C. Real Estate Association (BCREA).
There were 6,616 residential unit sales recorded around the province in November, which is 27.5 per cent higher than in November 2018.
After several months of strong gains, home sales are now firming around long-run averages,” said Brendon Ogmundson, BCREA chief economist. “We expect 2020 will be a much more typical year for markets compared to the volatility of recent years.
As sales rose, active residential listings in the province were 6.6 per cent lower than November 2018 at 31,310 units, and down for a seventh consecutive month on a seasonally adjusted basis, said the BCREA.
