Close X
Monday, November 11, 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

Global, economic security top priorities as Trudeau heads to South Korea, G7 summit

Global, economic security top priorities as Trudeau heads to South Korea, G7 summit
The prime minister is expected to be in Seoul between May 16 and May 18, after South Korean President Yoon Suk Yeol's visit to Ottawa last fall. Since then, both countries have released their Indo-Pacific strategies, plans that aim to counterbalance Chinese influence by increasing economic and military ties in the region.

Global, economic security top priorities as Trudeau heads to South Korea, G7 summit

Ex-Vancouver mayor, Kennedy Stewart, takes aim at current mayor Ken Sim

Ex-Vancouver mayor, Kennedy Stewart, takes aim at current mayor Ken Sim
Kennedy Stewart says a memorandum of understanding between the city, the park board, and the province, meant to help people living in encampments, is being "recklessly disregarded." He describes Sim's support of the V-P-D in dismantling the tent encampment as "hyper colonial" and "cruel."  

Ex-Vancouver mayor, Kennedy Stewart, takes aim at current mayor Ken Sim

Spike in housing starts:CMHC

Spike in housing starts:CMHC
Canada Mortgage and Housing Corporation reports the annual pace of housing starts jumped 22 per cent between March and April. It says the increase is due to a 33 per cent rise in starts of multi-unit urban homes.

Spike in housing starts:CMHC

Tourism to kick off once again for Canada

Tourism to kick off once again for Canada
The World Travel and Tourism Council says a return of overseas visitors to Canada's biggest cities will fuel a big rebound in Canada's travel and tourism sector this year. It's predicting the industry will pump 162.6-billion dollars into the economy, up more than 17 per cent from last year.

Tourism to kick off once again for Canada

NDP names, Ravi Parmar, as candidate in by-election to fill seat held by ex-premier Horgan

NDP names, Ravi Parmar, as candidate in by-election to fill seat held by ex-premier Horgan
It issued a release saying Parmar oversaw the largest expansion in the board's history while working alongside Horgan, who stepped down as premier last year and officially resigned his legislature seat in March.

NDP names, Ravi Parmar, as candidate in by-election to fill seat held by ex-premier Horgan

Suspect facing 7 gun related charges: Richmond RCMP

Suspect facing 7 gun related charges: Richmond RCMP
RCMP in B-C says one person is facing seven gun-related charges, including possession of a loaded firearm and careless storage of a firearm after the search. Police say drug-related charges are pending and the suspect has been released on bail.

Suspect facing 7 gun related charges: Richmond RCMP