“Consumer demand in the province climbed noticeably last month with unit sales posting their highest level for the month of May since 2007” reports BC Real Estate Association Chief Economist Cameron Muir:
The total sales increased by nearly 14 per cent compared to May of 2013.
“Rock bottom mortgage interest rates” appear to be the culprit of this highly increased buying state.
“With most BC markets now in balanced conditions, home prices are up in nine of 11 board areas,” added Muir.
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