The province’s housing market is at a “historically low supply,” according to the B.C. Real Estate Association.
According to the association, active residential listings were down nearly 40 per cent year-over-year for October, continuing a five-month downward trend.
A total of 9,593 residential unit sales were recorded in October, a drop of 13.7 per cent since the same month last year, while the average price was up 18.9 per cent to $964,777.
Unit sales have fallen across most of B.C. with the biggest…