BC Home Sales To Trend Higher In 2013/2014

Multiple Listing Service®(MLS®) residential sales in British Columbia are forecast to increase 5.6 per cent to 71,450 units in 2013. While a modest increase in unit sales is expected, home sales this year will fall below both the five-year average of 74,600 units and the ten-year average of 86,800 units. After declining nearly 23 per cent in 2012, homes sales in Vancouver are forecast to claw back nearly 10 per cent this year. Improved economic conditions in 2014 are expected to keep housing demand trending higher, with MLS® residential sales forecast to climb a further 6.1 per cent to 75,830 units.

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