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Blog by Josh Bath

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BCREA Housing Market Update as of October 2011

Housing sales moderately increased while average pricing becomes lower than the same month last year. BC Real Estate Association (BCREA) Chief Economist Cameron Muir reports September 2011 housing market statistics.

Muir says that the decline in pricing is a result of significant spike in sales for high-end detached homes for the last 12 months. See the rest of the report in this video.