The British Columbia Real Estate Association (BCREA) reports
that during the first half of 2012, BC residential sales dollar volume declined 17.1 per cent to
$20.4 billion, compared to the same period last year. Residential unit sales dipped 9 per cent to
38,312 units, while the average Multiple Listing Service® (MLS®) residential price was 8.9 per
cent lower at $533,681.
“The pace of home sales slowed during the
first half of the year,” said Cameron Muir,
BCREA Chief Economist. “However, the
downturn is likely to be temporary as
population growth, persistently low
mortgage rates and encouraging
employment figures suggest a stronger
second half of 2012.”
“The 5-year conventional mortgage rate
The British Columbia Real Estate Association (BCREA) reports that during the first half of 2012, BC residential sales dollar volume declined 17.1 per cent to$20.4 billion, compared to the same period last year. Residential unit sales dipped 9 per cent to 38,312 units, while the average Multiple Listing Service® (MLS®) residential price was 8.9 percent lower at $533,681.“The pace of home sales slowed during the first half of the year,” said Cameron Muir,BCREA Chief Economist. “However, thedownturn is likely to be temporary as population growth, persistently lowmortgage rates and encouragingemployment figures suggest a stronger second half of 2012.


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The number of residential property sales hit a 10-year low in Greater Vancouver
for June, while prices remained relatively stable.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached,
attached and apartment properties reached 2,362 in June, a 27.6 per cent decline compared to the 3,262 sales in
June 2011 and a 17.2 per cent decline compared to the 2,853 sales in May 2012.
June sales were the lowest total for the month in the region since 2000 and 32.2 per cent below the 10-year June
sales average of 3,484.
“Overall conditions have trended in favour of buyers in our marketplace in recent months,” Eugen Klein,
REBGV president said. “This means buyers are facing less competition
The number of residential property sales hit a 10-year low in Greater Vancouverfor June, while prices remained relatively stable.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached,attached and apartment properties reached 2,362 in June, a 27.6 per cent decline compared to the 3,262 sales inJune 2011 and a 17.2 per cent decline compared to the 2,853 sales in May 2012.June sales were the lowest total for the month in the region since 2000 and 32.2 per cent below the 10-year June sales average of 3,484.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.