Close X
Tuesday, November 19, 2024
ADVT 
National

Home sales strong in May

Darpan News Desk The Canadian Press, 14 Jun, 2023 02:13 PM
  • Home sales strong in May

The B-C Real Estate Association says home sales across the province last month were "surprisingly strong."

Association chief economist Brendon Ogmundson says, despite rising interest rates over the last year, home sales have "staged an early recovery" to return to a normal pace more quickly than expected.

A statement from the association says nearly 92-hundred sales were recorded around B-C in May -- up nearly 10 per cent year-over-year -- while the average price climbed three per cent during the same period, to just over one-million dollars.

The statement says it's the first time since April of last year that the average home price in B-C has topped the million-dollar mark. 

MORE National ARTICLES

Excel Career College expands opening 2 new campuses on Vancouver Island

Excel Career College expands opening 2 new campuses on Vancouver Island
Over their history, Excel has achieved this success by developing extensive relationships with employers across key industry sectors throughout the province and bringing on faculty and guest lecturers with real-world experience.

Excel Career College expands opening 2 new campuses on Vancouver Island

Snowbirds cancel two B.C. shows after malfunction

Snowbirds cancel two B.C. shows after malfunction
The statement says the CT-114 Tutor jets will not be flown while a Royal Canadian Air Force flight safety team investigates what happened on Tuesday in Fort St. John. The air force confirmed in an earlier tweet that the plane had been damaged but the pilot was not hurt.

Snowbirds cancel two B.C. shows after malfunction

3D-printed 'ghost guns' seized in B.C.: CBSA

3D-printed 'ghost guns' seized in B.C.: CBSA
The Canada Border Services Agency says in a statement that officers executed a search warrant in West Kelowna on April 27 in relation to the smuggled firearms parts and discovered a 3D printing machine in the process of printing a handgun frame.

3D-printed 'ghost guns' seized in B.C.: CBSA

Clayton Ruby, renowned Canadian lawyer, dies

Clayton Ruby, renowned Canadian lawyer, dies
Renowned Canadian civil rights lawyer Clayton Ruby, who took on some of the country's most groundbreaking and high-profile cases, has died, his law firm confirmed Wednesday. In a statement, Ruby Shiller Enenajor DiGiuseppe said Ruby died Tuesday afternoon surrounded by his family.

Clayton Ruby, renowned Canadian lawyer, dies

Van. home sales down 43% from last July: REBGV

Van. home sales down 43% from last July: REBGV
Sales in the region totalled 1,887 last month and were 35.2 per cent below the 10-year July sales average. The board says these figures signal a new market cycle characterized by lessening demand for homes is here.

Van. home sales down 43% from last July: REBGV

B.C. fire numbers grow but weather offers respite

B.C. fire numbers grow but weather offers respite
The blazes newly identified as "fires of note" include a nearly nine-square-kilometre fire northwest of Cache Creek in the Kamloops Fire Centre, another that has burned roughly two square kilometres northwest of Kamloops, and a third in the Southeast Fire Centre covering 15 square kilometres between Kaslo and New Denver.

B.C. fire numbers grow but weather offers respite