The Surge Continues….
Once again, there have been significant increases in the dollar volume of sales for single family dwellings; up 40% in the Comox Valley, and 51% in Campbell River. Inventory levels remain low and increases in the average price reflect this; 11% in the Comox Valley, and 9% in Campbell River.
In Campbell River, the sales volume for October was especially punchy with an 88% increase to $19.2 million.
The sale of apartment condos also remains very strong with sales volumes up 78% in the Comox Valley, and 63% in Campbell River.
In next month’s Market Minute we hope to reflect on the changes to the mortgage rules introduced last month by the federal government.