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Vancouver, BC – July 14, 2015. TheBritish Columbia Real Estate Association (BCREA) reports that a total of 11,294 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 25.6 per cent from the same month last year. Total sales dollar volume was $7.1 billion, a 42.6 per cent increase in comparison to the previous year. The average MLS® residential price in the province rose to $631,962, a 13.5 per cent increase since last June.

“BC home sales posted the second strongest June on record,” said Brendon Ogmundson, BCREA Economist. “A growing provincial economy and record low borrowing rates continue to push demand higher, particularly in the lower mainland.”

“While consumer demand is surging, the supply of homes for sale has not kept pace. The resulting imbalance of supply and demand has put upward pressure on prices in many areas of the province, most notably with respect to single-detached homes,” added Ogmundson.

Year-to-date, BC residential sales dollar volume increased 36.8 per cent to $32.6 billion, when compared with the same period in 2014. Residential unit sales climbed by 23.1 per cent to 51,559 units, while the average MLS® residential price rose 11.2 per cent to $631,946.

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I have listed a new property at 210 15238 100TH AVE in Surrey.
One of the largest of the 1 bedroom plans in the building with cheater en-suite and in-suite storage that easily converts to an office/study room. Ideal for first time home owner or investor. Centrally located close to Guildford Mall, T&Tgrocery, Surrey rec centre and schools, transit and multiplex theatre. Easy access to Hwy 1 and Pt. Mann Bridge. Rentals are allowed. Measurements from strata plan buyer to verify if important.
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