Market Less Volatile as Average Provincial Prices Rise

Sales increased in November throughout the province even while active residential listings were 6.6 per cent lower at 31,310 units compared with November 2018 according to the BC Real Estate Association (BCREA). The sales-to-active listings ratio for all home types held firm at 21 per cent which BCREA considers a balanced market.

Average prices also gained upward momentum in November coming in at $746,939, up 5.5 per cent compared with last November.