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B.C. home sales fall overall in June, but rise in Okanagan and Kootenay
Provincial home sales recorded a third straight monthly decline in June, falling 2.9 per cent from May to a seasonally-adjusted annualized rate of 70,280 units. In spite of a two-per-cent increase over the same period last year, sales remain weak.
June's decline largely reflected a 5.5-per-cent drop in Metro Vancouver figures as combined sales in the rest of the province rose 3.8 per cent from May. The largest gains were seen in Kootenay (20.6 per cent), South Okanagan (15.7 per cent) and Chilliwack (16.5 per cent) real estate board regions. In the Okanagan-Mainline region, sales rose 4.2 per cent in June following a 9.4 per cent advance the previous month
Read the full article here.
Provincial home sales recorded a third straight monthly decline in June, falling 2.9 per cent from May to a seasonally-adjusted annualized rate of 70,280 units. In spite of a two-per-cent increase over the same period last year, sales remain weak.
June's decline largely reflected a 5.5-per-cent drop in Metro Vancouver figures as combined sales in the rest of the province rose 3.8 per cent from May. The largest gains were seen in Kootenay (20.6 per cent), South Okanagan (15.7 per cent) and Chilliwack (16.5 per cent) real estate board regions. In the Okanagan-Mainline region, sales rose 4.2 per cent in June following a 9.4 per cent advance the previous month
Read the full article here.