Saturday, June 22, 2024
ADVT 
National

B.C. home sales slide almost 10 per cent in March despite mortgage rate drop

Darpan News Desk The Canadian Press, 16 Apr, 2024 09:44 AM
  • B.C. home sales slide almost 10 per cent in March despite mortgage rate drop

Home sales in British Columbia fell by almost 10 per cent in March compared with the same period last year, in a slowdown an analyst says could be buyers waiting for lower interest rates.

The B.C. Real Estate Association says the province saw 6,460 residential unit sales in the Multiple Listing Service systems last month, a 9.5-per-cent decline from March 2023.

The overall dollar volume of home sales also fell 3.6 per cent from the same month last year, dipping to $6.6 billion.

Association chief economist Brendon Ogmundson says in a statement that potential homebuyers "appear to be waiting on the Bank of Canada to lower its policy rate."

Ogmundson says March's decline caps off a "slow start" to the first quarter of 2024 despite a "steep" drop in fixed mortgage rates.

The association says the average price of a home in B.C. on MLS did rise by 6.5 per cent from last March, reaching $1.02 million.

Overall, home sales in the province rose by 6.4 per cent in the first three months of this year, reaching almost 16,000 units.

MORE National ARTICLES

Decades in the making, B.C. signs agreement handing over title to Haida Gwaii

Decades in the making, B.C. signs agreement handing over title to Haida Gwaii
The B.C. government and the Council of Haida Nation have signed an agreement officially recognizing Haida Gwaii's Aboriginal title, more than two decades after the nation launched a legal action seeking formal recognition. 

Decades in the making, B.C. signs agreement handing over title to Haida Gwaii

VPD investigate homicide of Chirag Antil

VPD investigate homicide of Chirag Antil
Vancouver police say they're investigating a suspected overnight homicide in the city's south end.  Police say they were called to a report of gun shots around 11 p.m. Friday at the intersection of East 55th Avenue and Main Street.  They say officers found the body of 24-year-old Chirag Antil in a vehicle. 

VPD investigate homicide of Chirag Antil

DNA tests shows B.C. woman was killed by dogs, not bear: coroner's report

DNA tests shows B.C. woman was killed by dogs, not bear: coroner's report
A woman killed while picking blueberries on a farm east of Vancouver was initially thought to have died in a bear attack in August 2021, but a newly released coroner's report says she was mauled by dogs from another property. The report says the dogs responsible for the death of 54-year-old Ping (Amy) Guo at a Pitt Meadows farm were only identified after their DNA was tested when another person died 17 months later at the neighbouring home.

DNA tests shows B.C. woman was killed by dogs, not bear: coroner's report

'Very smart' B.C. orca calf evades rescuers, forcing switch in tactics

'Very smart' B.C. orca calf evades rescuers, forcing switch in tactics
The team trying to rescue an orphaned killer whale trapped in a British Columbia lagoon says they will have to change tactics after being "truly humbled at the intelligence, adaptability and resilience" of the calf that managed to evade capture Friday. A statement issued by the Ehattesaht First Nation chief and council and the rescue team said they made the decision to stand down after the young orca "simply decided she was not ready to be moved."   

'Very smart' B.C. orca calf evades rescuers, forcing switch in tactics

Darpan Vaisakhi Special 2024

Darpan Vaisakhi Special 2024
Darpan's special Vaisakhi issue is out now. Read more about the month of Vaisakhi, find great recipes, explore activities for kids. The Darpan Magazine team was at the Vancouver Vaisakhi parade that took place on Saturday, April 13th, 2024. The parade started at the Ross Street Sikh Temple and proceeded along Main Street, and drew thousands of people from diverse backgrounds.

Darpan Vaisakhi Special 2024

RCMP in B.C. warn of fake Taylor Swift concert tickets being sold online

RCMP in B.C. warn of fake Taylor Swift concert tickets being sold online
Police on Vancouver Island are warning Swifties about an online scam after several people lost money while trying to secure tickets for Taylor Swift concerts through Facebook groups. West Shore RCMP, based in the Victoria suburb of Langford, say they received at least four complaints involving fraud taking place on Facebook Marketplace and other community groups. 

RCMP in B.C. warn of fake Taylor Swift concert tickets being sold online

PrevNext