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                                         BC Home Sales Steady in June

   Vancouver, BC – July 14, 2011. The British Columbia Real Estate Association (BCREA)
   reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 2.4 per
   cent to 7,904 units in June compared to the same month last year. The average MLS® residential
   price climbed 14.4 per cent to $571,837 last month compared to June 2010.

   “Home sales were relatively unchanged
   in June compared to last year,” said
   Cameron Muir, BCREA Chief
   Economist. “However, low mortgage
   interest rates and an overdue pick-up in
   BC employment growth are expected to
   provide some incentive to consumers
   over the summer months.”

   Year-to-date, BC residential sales
   dollar volume increased 15.5 per cent
   to $24.7 billion, compared to the same
   period last year. Residential unit sales
   are essentially unchanged compared to
   the halfway point of 2010 at 42,095 units, while the average MLS® residential price rose 16.1
   per cent to $585,661 over the same period.

                                                                -30-

   For more information, please contact:
   Cameron Muir                                                     Damian Stathonikos
   Chief Economist                                                  Director, Communications and Public Affairs
   Direct: 604.742.2780                                             Direct: 604.742.2793
   Mobile: 778.229.1884                                             Mobile: 778.990.1320
   Email: cmuir@bcrea.bc.ca                                         Email: dstathonikos@bcrea.bc.ca


   For detailed statistical information, contact your local real estate board.




1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6
President Rick Valouche       |   Vice President Jim McCaughan           |   bcrea@bcrea.bc.ca   |   604.683.7702 (tel)
Past President Moss Moloney   |   Chief Executive Officer Robert Laing   |   www.bcrea.bc.ca     |   604.683.8601 (fax)
BC Home Sales Steady in June . . . Page 2


                                      June 2011 Residential Average Price, Active Listings and
                                              Sales-to-Active-Listings Data by Board
                                      Average Price                                      Active Listings                       Sales-to-Active-Listings
                                                                         June 2011            June 2010                      June 2011         June 2010
                       June 2011           June 2010
                                                                         Residential          Residential                   Residential        Residential
      Board            Residential         Residential     % change                                            %
                                                                           Active               Active                     Sales to Active Sales to Active
                      Average Price       Average Price                                                      change
                                                                          Listings             Listings                       Listings          Listings
                           ($)                 ($)
                                                                          (Units)               (Units)                          (%)              (%)
BC Northern             227,543           212,631              7.0          3,275                3,277            -0.1          12.8              12.4
Chilliwack              324,389           313,543              3.5          1,828                1,684             8.6          12.6              13.3
Fraser Valley           503,331           469,792              7.1          8,169                9,329           -12.4          18.5              18.0
Greater Vancouver       808,867           657,934            22.9          16,194               18,752           -13.6          20.5              16.2
Kamloops                316,554           314,425              0.7          2,301                2,323            -0.9           9.0              8.9
Kootenay                270,710           317,427            -14.7          3,441                3,372             2.0           6.7              6.4
Okanagan Mainline       381,171           421,699             -9.6          6,928                7,378            -6.1           7.2              6.4
Powell River            249,346           227,826              9.4           265                  279             -5.0          14.3              7.9
South Okanagan          311,884           337,179             -7.5          2,275                2,141             6.3           6.4              6.6
    Northern Lights     246,469           227,041              8.6           356                  378             -5.8          12.1              14.8
Vancouver Island        330,537           320,020              3.3          6,676                6,491             2.9          10.1              10.3
Victoria                507,385           511,498             -0.8          4,108                3,828             7.3          14.5              15.2
Provincial Totals*      571,837           499,908            14.4          55,816               59,232            -5.8          14.2              13.0
           *Numbers may not add due to rounding




                             June 2011 BC Residential Multiple Listing Service® Data by Board
                                            Dollar Volume (000s)                                                         Units
                                June 2011             June 2010                                   June 2011                 June 2010
           Board
                             Residential Sales     Residential Sales        % change           Residential Sales         Residential Sales   % change
                                    ($)                   ($)                                      (Units)                   (Units)
    BC Northern                   95,113                86,116                    10.4               418                       405               3.2
    Chilliwack                    74,609                70,234                    6.2                230                       224               2.7
    Fraser Valley                759,024               789,720                    -3.9              1,508                     1,681            -10.3
    Greater Vancouver           2,683,013             2,004,067                   33.9              3,317                     3,046              8.9
    Kamloops                      65,210                65,086                    0.2                206                       207              -0.5
    Kootenay                      62,805                68,564                    -8.4               232                       216               7.4
    Okanagan Mainline            190,204               198,620                    -4.2               499                       471               5.9
    Powell River                   9,475                 5,012                    89.0               38                         22             72.7
    South Okanagan                45,223                47,542                    -4.9               145                       141               2.8
        Northern Lights           10,598                12,714                   -16.6               43                         56             -23.2
    Vancouver Island             222,121               214,414                    3.6                672                       670               0.3
    Victoria                     302,401               298,203                    1.4                596                       583               2.2
    Provincial Totals*          4,519,796                 3,860,293              17.1               7,904                     7,722             2.4
          * Numbers may not add due to rounding

          **NOTE: The Northern Lights Real Estate Board (NLREB) became part of the South Okanagan Real
          Estate Board (SOREB) on January 1, 2011.




      1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6
      President Rick Valouche         |   Vice President Jim McCaughan             |     bcrea@bcrea.bc.ca   |     604.683.7702 (tel)
      Past President Moss Moloney     |   Chief Executive Officer Robert Laing     |     www.bcrea.bc.ca     |     604.683.8601 (fax)
BC Home Sales Steady in June . . . Page 3


             June 2011 Year-to-Date BC Residential Multiple Listing Service® Data by Board
                                      Dollar Volume (000s)                                 Unit Sales                              Average Price

       Board
                                                                  %                                       %                                          %
                            2011                 2010                                                                      2011           2010
                                                                change           2011       2010        change                                     change
                             ($)                  ($)                                                                       ($)            ($)

BC Northern                409,952             420,112            -2.4       1,865          1,922           -3.0         219,814         218,580    0.6

Chilliwack                 323,532             381,655           -15.2       1,088          1,212           -10.2        297,364         314,897    -5.6

Fraser Valley             4,143,824           3,739,671          10.8        8,138          8,243           -1.3         509,194         453,678    12.2

Greater Vancouver        15,355,107           11,660,444         31.7        19,150         17,489          9.5          801,833         666,730    20.3

Kamloops                   320,991             348,428            -7.9       1,035          1,138           -9.1         310,136         306,176    1.3

Kootenay                   236,067             302,263           -21.9           907        1,078           -15.9        260,273         280,393    -7.2

Okanagan Mainline          934,443            1,074,087          -13.0       2,467          2,731           -9.7         378,777         393,294    -3.7

Powell River               35,435               33,341            6.3            163         137            19.0         217,393         243,364    -10.7

South Okanagan             196,514             258,520           -24.0           638         785            -18.7        308,016         329,324    -6.5

  Northern Lights          45,098               45,482            -0.8           213         224            -4.9         211,726         203,044    4.3

Vancouver Island          1,101,523           1,215,287           -9.4       3,352          3,715           -9.8         328,617         327,130    0.5

Victoria                  1,550,926           1,873,465          -17.2       3,079          3,669           -16.1        503,711         510,620    -1.4

Provincial Totals*       24,653,412           21,352,754         15.5        42,095         42,343          -0.6         585,661         504,281    16.1
           * Numbers may not add due to rounding

           BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS®
           on all provincial issues, providing an extensive communications network, standard forms,
           economic research and analysis, government relations, applied practice courses and continuing
           professional education (cpe).

           To demonstrate the profession’s commitment to improving Quality of Life in BC communities,
           BCREA supports policies that encourage economic vitality, provide housing opportunities,
           respect the environment and build communities with good schools and safe neighbourhoods.

           For detailed statistical information, contact your local real estate board. MLS® is a cooperative
           marketing system used only by Canada’s real estate boards to ensure maximum exposure of
           properties listed for sale.




      1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6
      President Rick Valouche         |   Vice President Jim McCaughan             |    bcrea@bcrea.bc.ca      |    604.683.7702 (tel)
      Past President Moss Moloney     |   Chief Executive Officer Robert Laing     |    www.bcrea.bc.ca        |    604.683.8601 (fax)

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Bc home sales steady in june 2011

  • 1. For immediate release BC Home Sales Steady in June Vancouver, BC – July 14, 2011. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential unit sales in the province rose 2.4 per cent to 7,904 units in June compared to the same month last year. The average MLS® residential price climbed 14.4 per cent to $571,837 last month compared to June 2010. “Home sales were relatively unchanged in June compared to last year,” said Cameron Muir, BCREA Chief Economist. “However, low mortgage interest rates and an overdue pick-up in BC employment growth are expected to provide some incentive to consumers over the summer months.” Year-to-date, BC residential sales dollar volume increased 15.5 per cent to $24.7 billion, compared to the same period last year. Residential unit sales are essentially unchanged compared to the halfway point of 2010 at 42,095 units, while the average MLS® residential price rose 16.1 per cent to $585,661 over the same period. -30- For more information, please contact: Cameron Muir Damian Stathonikos Chief Economist Director, Communications and Public Affairs Direct: 604.742.2780 Direct: 604.742.2793 Mobile: 778.229.1884 Mobile: 778.990.1320 Email: cmuir@bcrea.bc.ca Email: dstathonikos@bcrea.bc.ca For detailed statistical information, contact your local real estate board. 1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 President Rick Valouche | Vice President Jim McCaughan | bcrea@bcrea.bc.ca | 604.683.7702 (tel) Past President Moss Moloney | Chief Executive Officer Robert Laing | www.bcrea.bc.ca | 604.683.8601 (fax)
  • 2. BC Home Sales Steady in June . . . Page 2 June 2011 Residential Average Price, Active Listings and Sales-to-Active-Listings Data by Board Average Price Active Listings Sales-to-Active-Listings June 2011 June 2010 June 2011 June 2010 June 2011 June 2010 Residential Residential Residential Residential Board Residential Residential % change % Active Active Sales to Active Sales to Active Average Price Average Price change Listings Listings Listings Listings ($) ($) (Units) (Units) (%) (%) BC Northern 227,543 212,631 7.0 3,275 3,277 -0.1 12.8 12.4 Chilliwack 324,389 313,543 3.5 1,828 1,684 8.6 12.6 13.3 Fraser Valley 503,331 469,792 7.1 8,169 9,329 -12.4 18.5 18.0 Greater Vancouver 808,867 657,934 22.9 16,194 18,752 -13.6 20.5 16.2 Kamloops 316,554 314,425 0.7 2,301 2,323 -0.9 9.0 8.9 Kootenay 270,710 317,427 -14.7 3,441 3,372 2.0 6.7 6.4 Okanagan Mainline 381,171 421,699 -9.6 6,928 7,378 -6.1 7.2 6.4 Powell River 249,346 227,826 9.4 265 279 -5.0 14.3 7.9 South Okanagan 311,884 337,179 -7.5 2,275 2,141 6.3 6.4 6.6 Northern Lights 246,469 227,041 8.6 356 378 -5.8 12.1 14.8 Vancouver Island 330,537 320,020 3.3 6,676 6,491 2.9 10.1 10.3 Victoria 507,385 511,498 -0.8 4,108 3,828 7.3 14.5 15.2 Provincial Totals* 571,837 499,908 14.4 55,816 59,232 -5.8 14.2 13.0 *Numbers may not add due to rounding June 2011 BC Residential Multiple Listing Service® Data by Board Dollar Volume (000s) Units June 2011 June 2010 June 2011 June 2010 Board Residential Sales Residential Sales % change Residential Sales Residential Sales % change ($) ($) (Units) (Units) BC Northern 95,113 86,116 10.4 418 405 3.2 Chilliwack 74,609 70,234 6.2 230 224 2.7 Fraser Valley 759,024 789,720 -3.9 1,508 1,681 -10.3 Greater Vancouver 2,683,013 2,004,067 33.9 3,317 3,046 8.9 Kamloops 65,210 65,086 0.2 206 207 -0.5 Kootenay 62,805 68,564 -8.4 232 216 7.4 Okanagan Mainline 190,204 198,620 -4.2 499 471 5.9 Powell River 9,475 5,012 89.0 38 22 72.7 South Okanagan 45,223 47,542 -4.9 145 141 2.8 Northern Lights 10,598 12,714 -16.6 43 56 -23.2 Vancouver Island 222,121 214,414 3.6 672 670 0.3 Victoria 302,401 298,203 1.4 596 583 2.2 Provincial Totals* 4,519,796 3,860,293 17.1 7,904 7,722 2.4 * Numbers may not add due to rounding **NOTE: The Northern Lights Real Estate Board (NLREB) became part of the South Okanagan Real Estate Board (SOREB) on January 1, 2011. 1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 President Rick Valouche | Vice President Jim McCaughan | bcrea@bcrea.bc.ca | 604.683.7702 (tel) Past President Moss Moloney | Chief Executive Officer Robert Laing | www.bcrea.bc.ca | 604.683.8601 (fax)
  • 3. BC Home Sales Steady in June . . . Page 3 June 2011 Year-to-Date BC Residential Multiple Listing Service® Data by Board Dollar Volume (000s) Unit Sales Average Price Board % % % 2011 2010 2011 2010 change 2011 2010 change change ($) ($) ($) ($) BC Northern 409,952 420,112 -2.4 1,865 1,922 -3.0 219,814 218,580 0.6 Chilliwack 323,532 381,655 -15.2 1,088 1,212 -10.2 297,364 314,897 -5.6 Fraser Valley 4,143,824 3,739,671 10.8 8,138 8,243 -1.3 509,194 453,678 12.2 Greater Vancouver 15,355,107 11,660,444 31.7 19,150 17,489 9.5 801,833 666,730 20.3 Kamloops 320,991 348,428 -7.9 1,035 1,138 -9.1 310,136 306,176 1.3 Kootenay 236,067 302,263 -21.9 907 1,078 -15.9 260,273 280,393 -7.2 Okanagan Mainline 934,443 1,074,087 -13.0 2,467 2,731 -9.7 378,777 393,294 -3.7 Powell River 35,435 33,341 6.3 163 137 19.0 217,393 243,364 -10.7 South Okanagan 196,514 258,520 -24.0 638 785 -18.7 308,016 329,324 -6.5 Northern Lights 45,098 45,482 -0.8 213 224 -4.9 211,726 203,044 4.3 Vancouver Island 1,101,523 1,215,287 -9.4 3,352 3,715 -9.8 328,617 327,130 0.5 Victoria 1,550,926 1,873,465 -17.2 3,079 3,669 -16.1 503,711 510,620 -1.4 Provincial Totals* 24,653,412 21,352,754 15.5 42,095 42,343 -0.6 585,661 504,281 16.1 * Numbers may not add due to rounding BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe). To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that encourage economic vitality, provide housing opportunities, respect the environment and build communities with good schools and safe neighbourhoods. For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada’s real estate boards to ensure maximum exposure of properties listed for sale. 1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 President Rick Valouche | Vice President Jim McCaughan | bcrea@bcrea.bc.ca | 604.683.7702 (tel) Past President Moss Moloney | Chief Executive Officer Robert Laing | www.bcrea.bc.ca | 604.683.8601 (fax)