Close X
Thursday, October 3, 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

Review of COVID shot for young kids to wrap soon

Review of COVID shot for young kids to wrap soon
Health Canada tweeted Tuesday that it expects to reach a decision by mid-July on whether to approve Moderna's shot for children between six months and five years old. Moderna has applied for its vaccine to be given in two doses, each a quarter of its adult dose, given about four weeks apart.

Review of COVID shot for young kids to wrap soon

Richmond RCMP seek public’s help locating 33 year-old missing woman – Danielle Mahal

Richmond RCMP seek public’s help locating 33 year-old missing woman – Danielle Mahal
Mahal has been known to disappear for a few hours at a time in the past.  However, concern is now growing, as it is unusual for her to be out of touch with family members for this long a time. 

Richmond RCMP seek public’s help locating 33 year-old missing woman – Danielle Mahal

Heat warning issued in Yukon, wildfires flare

Heat warning issued in Yukon, wildfires flare
The weather agency issued a heat warning today for much of the territory with temperatures expected to reach 28 C with nighttime lows of 13 C. The warning applies to Whitehorse, Old Crow, Dawson and other regions throughout the central, southern and western regions of the territory.

Heat warning issued in Yukon, wildfires flare

Vancouver home sales down 35% from last June

Vancouver home sales down 35% from last June
The board's chair Daniel John says the drop in sales came because buyers have more properties to choose from, but rising interest rates and 39-year high inflation are causing them to be cautious and thus, listings are staying available for longer.

Vancouver home sales down 35% from last June

Port of Vancouver truckers warn of job action

Port of Vancouver truckers warn of job action
The statement says the port will not discuss the phaseout of all trucks that are 20 years old or older, even though most commercially licensed trucks elsewhere in B.C. don't face similar measure

Port of Vancouver truckers warn of job action

B.C. police recovering after bank shootout

B.C. police recovering after bank shootout
Three Saanich officers and three from the Victoria Police Department, all members of the emergency response team, were injured in the gunfight with two heavily armed robbers outside a Bank of Montreal.    

B.C. police recovering after bank shootout