M2m condos floor plan . The housing market in Canada’s BC province continued to be hot in October. BCREA, a real estate association in BC, Canada, released the latest figures on real estate transactions in October.Please Visit: M2m condos floor plan to Get Your VVIP Registration Today!
According to statistics, BC provincial real estate market in October continued the “rebound upward” trend since June this year, and the increase is very obvious.
According to statistics on Multiple Listing Service (MLS), a total of 11051 houses were sold in BC province in October, an increase of 43.8% over the same period last year. On the other hand, the average selling price of the house reached C $812960, an increase of 12.5% over C $722333 in the same period last year. In terms of total transaction value, monthly real estate transactions in BC province reached C $8.98 billion in October, a sharp increase of 61.8 per cent over the same period last year.
Brendon Ogmundson, chief economist of BCREA, a provincial real estate association in BC, said that the increase in sales while creating such a large increase in transaction value is largely due to the fact that the epidemic has changed the spending habits of buyers. It is obvious that property buyers now pay more attention to the quality of life and have higher requirements for activity space and natural environment, which has pushed up the overall price of housing sales to a certain extent.
From the perspective of various real estate regions in the province of BC, although the largest regions of transaction volume and transaction value are still taking the large warm area as the first and the Feisha River Valley as the second, if from the point of view of sales, the region with the biggest increase in sales is the Powell River Powell River, the sunny coastal area where the market is unusually popular this year.
A total of 56 homes were sold in the Powell River Powell river area in October, double the sales in the same period last year and an astonishing 107.4% increase.
In terms of selling prices, the biggest price increase in BC province in October was in Okanagan, where the average house price reached C $668825, an increase of 32 per cent over the same period last year. The average transaction price of houses in the Powell River area was C $472055, an increase of 16.4% over the same period last year.