It seems the real estate craziness never ends. Home sales in B.C. this March totalled $9.4 billion – double the amount recorded in the same month last year.
According to the B.C. Real Estate Association (BCREA), the number of homes recorded by the Multiple Listing Service® (MLS®) also increased by a third, to a record 12,969 units.
“Housing demand is exceptionally strong across the southern regions of the province,” said Cameron Muir, BCREA Chief Economist.
“Consumers appear to be particularly active in the Vancouver Island, the Fraser Valley and the Thompson/Okanagan regions.”
The average MLS® home price in the province was also up $743,640 – an increase of 17.2%.