Housing sales back off from heady days of late 2009
Housing sales back off from heady days of late 2009
Global economy, effect of HST prompt buyers to bide their time
British Columbia real estate sales dropped by more than one quarter in the three months of 2010 from the last quarter of 2009 in both the number of transactions and value, Landcor Data Corp. reported this week. The real estate consultants counted 23,195 sales cleared through B.C.'s Land Title office during the first quarter, which is substantially higher than the same period a year ago, but almost 27 per cent off the 31,623 sales recorded during the last three months of 2009. The total value of those sales almost tipped $10.7 billion, nearly double the number seen during the first quarter of 2009, but again was almost 26 per cent off the $14.4 billion in deals done at the end of 2009.
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