{"id":1246,"date":"2018-07-13T14:17:02","date_gmt":"2018-07-13T21:17:02","guid":{"rendered":"http:\/\/www.ingridjarisz.com\/blog\/?p=1246"},"modified":"2018-07-13T14:17:02","modified_gmt":"2018-07-13T21:17:02","slug":"a-return-to-balance-for-bc-housing-market","status":"publish","type":"post","link":"https:\/\/www.ingridjarisz.com\/blog\/a-return-to-balance-for-bc-housing-market\/","title":{"rendered":"A Return to Balance for BC Housing Market"},"content":{"rendered":"<p align=\"center\"><strong><span style=\"font-family: 'Arial',sans-serif;\"><span style=\"color: #000000;\">\u00a0<\/span><\/span><\/strong><\/p>\n<p><strong><span style=\"font-family: 'Arial',sans-serif;\"><span style=\"color: #000000; font-size: small;\">Vancouver, BC \u2013 July 13, 2018. <\/span><\/span><\/strong><span style=\"color: #000000; font-family: Arial; font-size: small;\">The British Columbia Real Estate Association (BCREA) reports that a total of 7,884 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) across the province in June, a 32.5 per cent decrease from the same month last year. The average MLS\u00ae residential price in BC was $716,326, down 1.3 per cent from June 2017. Total sales dollar volume was $5.6 billion, a 33 per cent decline from June 2017.<\/span><\/p>\n<p><span style=\"color: #000000; font-family: Times New Roman;\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.bcrea.bc.ca\/sf-images\/economics\/2018-06chart.gif\" width=\"323\" height=\"234\" align=\"right\" \/><\/span><span style=\"color: #000000; font-family: Arial; font-size: small;\">\u201cThe impact of the B20 stress test is still being felt across the province,\u201d said Brendon Ogmundson, BCREA Deputy Chief Economist. \u201cLower demand as the result of higher mortgage rates and stringent mortgage qualification rules are bringing most markets around the province back into balanced conditions.\u201d<\/span><\/p>\n<p><span style=\"color: #000000; font-family: Arial; font-size: small;\">Although the supply of active listings in the province is on the rise, inventory remains low by historical standards and markets like Vancouver Island and the Okanagan remain undersupplied.<\/span><\/p>\n<p><span style=\"color: #000000; font-family: Arial; font-size: small;\">Year-to-date, BC residential sales dollar volume was down 18 per cent to $32 billion, compared with the same period in 2017. Residential unit sales decreased 20 per cent to 43,863 units, while the average MLS\u00ae residential price was up 2.4 per cent to $730,492.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Vancouver, BC \u2013 July 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,884 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) across the province in June, a 32.5 per cent decrease from the same month last year. The average MLS\u00ae residential price in BC was<a href=\"https:\/\/www.ingridjarisz.com\/blog\/a-return-to-balance-for-bc-housing-market\/\" class=\"read-more\">&nbsp; Continue Reading &raquo;<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,11,8,5,4,34],"tags":[39,37,38,59,36,15,35,60,41,14,68],"_links":{"self":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/1246"}],"collection":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/comments?post=1246"}],"version-history":[{"count":2,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/1246\/revisions"}],"predecessor-version":[{"id":1248,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/posts\/1246\/revisions\/1248"}],"wp:attachment":[{"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/media?parent=1246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/categories?post=1246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ingridjarisz.com\/blog\/wp-json\/wp\/v2\/tags?post=1246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}