Close X
Tuesday, September 24, 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

Police say they're worried about mother after newborn found dead in Victoria lot

Police say they're worried about mother after newborn found dead in Victoria lot
Officers and an ambulance were called Wednesday night to a report of a baby found in a parking lot in the city. Police say it's believed the baby had been recently born, possibly in the area. 

Police say they're worried about mother after newborn found dead in Victoria lot

Justin Trudeau is in New York City

Justin Trudeau is in New York City
The prime minister has a series of meetings and events, during which he is expected to promote Canada as a trade and investment partner for American businesses. One topic that has been garnering a lot of attention, is what Ottawa is planning for its critical minerals sector.  

Justin Trudeau is in New York City

Fall in grocery prices not real for shoppers

Fall in grocery prices not real for shoppers
On global markets, the price of grains, vegetable oil, dairy and other agricultural commodities has fallen steadily for months. But the relief hasn't made it to the real world of shopkeepers, street vendors and families trying to make ends meet.

Fall in grocery prices not real for shoppers

CMHC is predicting home prices and sales will fall

CMHC is predicting home prices and sales will fall
Chief economist Bob Duggan says home ownership will be less affordable in the near-term because of higher mortgage rates and high price levels. He also expects rental affordability will likely decline as well.   

CMHC is predicting home prices and sales will fall

Hot spell hikes risks of flooding, avalanches and fire across British Columbia

Hot spell hikes risks of flooding, avalanches and fire across British Columbia
The River Forecast Centre website says temperatures are expected to be at least 10 degrees above normal for many areas of the province right through the weekend before cooler weather and rain arrive next week.

Hot spell hikes risks of flooding, avalanches and fire across British Columbia

New flat rate of 2 dollars per hour for parking meters in Chinatown

New flat rate of 2 dollars per hour for parking meters in Chinatown
Mayor Ken Sim says the community has called the cost of parking a barrier to visiting and doing business in Chinatown. The new flat rate will take effect June 1st and run from 9 a-m to 10 p-m, seven days a week.

New flat rate of 2 dollars per hour for parking meters in Chinatown