Housing sales had another robust month in March following February’s rebound
, marking the first back-to-back gain since March 2022. New and active listings saw large declines over the same period, which pushed average sale prices higher.
Gains were reported in most real estate board areas. Notably, the Lower Mainland-Southwest was led by the Fraser Valley . Following a gain in February, Greater Vancouver sales rose another three per cent in March. In contrast, sales fell in Victoria and Kootenay following large increases last month.
Average home prices recovered 1.1 per cent to $910,981. This recovery is near November’s level, albeit still 14.1 per cent lower than peak . Greater Vancouver recorded the largest monthly gain in average sale price among real estate board areas. Following January’s increase, manufacturing sales in B.C. dipped in February. On a seasonally adjusted basis, sales declined by 3.6 per cent to $5.3 billion, more than countering the 2.2-per-cent January gain. Sales in durable goods industries fell 4.8 per cent, while sales in non-durable goods industries fell 2.3 per cent.
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