Gord Macdonald | Email news tips to email@example.com
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.