Housing demand is trending downward.
That’s according to the B.C. Real Estate Association’s Chief Economist Cameron Muir, and based on September’s numbers.
In a release, the Association says 7,591 residential unit sales were recorded last month.
This is down about 11.2 percent from the same time last year.
Total sales dollar volume was $4.45 billion in September, down 14.1 percent, when also comparing to the same time last year.
Muir notes the downtrend includes Vancouver, the Fraser Valley, and the Northern part of B.C., with year-over-year declines.
Though, he does say the rest of the province did post an increase in the number of residential transactions.