Land Legislation Updates Offer Grand Real Estate Foundation
The median selling price in 2023 was $635,000, compared to $660,000 in 2022. Totals on the non-residential facet point out 53 gross sales in 2023, totalling $16,909,569, compared to 116 sales in 2022, totalling $38,255,436. In the economic, commercial and institutional class, there have been 10 gross sales in 2023, totalling $4,587,970, in comparability with 18 sales, totalling $6,223,536, in 2022. Totals for residential gross sales had been 255 in 2023, totalling $161,589,451, compared to 323 in 2022, totalling $212,688,a hundred and fifty. Total real estate sales in the qathet region for 2023 were considerably lower than these recorded in 2022.
The 8.7-per-cent bump in transactions from November to December was the first monthly improve since June, based on the Canadian Real Estate Association . But CREA and financial institution economists cautioned in opposition to reading an excessive amount of into last month’s gross sales, writes Rachelle Younglai. Experts say …