44 ~ Friday, August 30, 1996 ~ North Shore News Sales in June outpace figures fron RESIDENTIAL property sold through B.C.'s Multiple Listing Service this past June totaled 5,779 units, 415 more than the same month last year. reports Doug Perry, president of the — British Columbia Real Estate Associition (BCREA ). “Province-wide, it is still an active market.” says Perry, although he notes that sales have slowed a bit since May when 6.498 residential prop- erties were sold, According to Perry, the summer months have tradi- Honally been a slow time for residuatial sales. The events of the past three or four years however, have changed the dynamics of the market place. Says Perry, “We hive seen changes in the economic ase of the province, in- migration fram off-shore buyers, both from Asia and Europe as well as other parts of Canada, and a change in the demographics of the province.” As long as we are in this period of change, he says, it is difficult to compare current market conditions to past “certaintivs.” AZEEM 889-4551 last year “From a provineial per- spective,” he adds, “there is a good supply of housing on offer. Mortgage rates are sta- ble, and the buyers are there. Potential buyers are wise to have a pre-arranged mort- gage in phice. Many buyers, | know, are keen to get the lowest interest rate they can on their mortgage. 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