[ad_1]
The B.C. Actual Property Affiliation says 5,766 properties within the province had been offered on the A number of Itemizing Service system final month — a 3.6% slide from the identical interval final 12 months.
The typical residence worth on the system for March slid two per cent to only below $940,000.
The general greenback quantity dropped 5.6% to $4.21 billion.
The affiliation says the variety of residence unit gross sales for B.C. final month was considerably decrease than regular, coming in 34.5% under the 10-year common.
Brendon Ogmundson, a chief economist with the affiliation, says the scenario has been challenged by “world battle resulting in rising mortgage charges paired with a sluggish financial system.”
However he says he’s hopeful that improved affordability and pent-up demand might speed up gross sales shifting ahead.
Within the first three months of this 12 months, B.C.’s residence gross sales greenback quantity was at $12.7 billion, down 13% from final 12 months. Gross sales and the common worth had been additionally down from 2025 ranges.
Visited 33 instances, 37 go to(s) at present
bcrea brendon ogmundson british columbia british columbia real estate association real esate Regional The Canadian Press
Final modified: April 15, 2026
[ad_2]
Source link
