B.C. home sales fall 25 per cent in 2018

The number of homes sold in 2018 in B.C. has fallen 24.5 per cent from the previous year, according to the latest figures.
The B.C. Real Estate Association this week shared its year-end numbers, which show that a total of 78,345 home sales were recorded in 2018, compared to the 103,758 homes sold in 2017. Last year’s figure was also below the 10-year average of 84,800 homes sold.
“The sharp decline in affordability caused by the B20 mortgage stress test is largely to blame for declin