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Downward trend continues in B.C. housing market
VANCOUVER/CKNW (AM980)
Gord Macdonald | Email news tips to gmacdonald@cknw.com
11/14/2012

The downward trend continues in the housing market in British Columbia.

The BC Real Estate Association says October saw the dollar volume of homes sold through the Multiple Listing Service fall by 14.6 percent, compared to a year ago.

Total unit sales were also down 10 percent, and the average price was down 5.1 percent.

Association chief economist Cameron Muir says the tighter mortgage rules have moderated demand on the south coast, while sales were up in the Okanagan, the Kootenays, the Chilliwack area, and northern B.C.


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  1. AnneH_4 posted on 11/14/2012 02:33 PM
    I wonder if any first time buyers will ever be able to buy unless Mom and Dad give them a substantial downpayment..............
    1. Garp posted on 11/15/2012 03:34 PM
      @AnneH_4 Forget about "Mon and Dad", go straight to the grandparents - their the only ones left with cash flow.
  2. ChrisM_18 posted on 11/14/2012 04:08 PM
    just wait until we get closer to the election and the spring house sales drop like a rock - then the finger pointing will start in ernest
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