“August home sales posted the first month-to month increase since March of this year,” said Cameron Muir, BCREA Chief Economist. “Lower mortgage interest rates and an improving labour market are inducing additional consumer demand.”
“The number of new residential listings in the province has fallen 30 per cent since April,” added Muir. “With fewer new listings, total active listings are now on the decline, signaling that an end to the buyer’s market may be on the horizon.”
to read the whole article please visit http://www.bcrea.bc.ca/news_room/2010-08.pdf
Josh Prowse P.R.E.C.
Cornerstone Properties Ltd.
To Sell Your House
Talk To Josh Prowse