Posted by & filed under Bayview Project, BC Real Estate Update, Victoria Real Estate Update.

The British Columbia Real Estate Association (BCREA) reported that Multiple Listing Service (MLS®) residential sales in the province rose 3 per cent to 8,270 units in May 2009 compared to the same month last year. It was the first year-over-year increase since December 2007. The month of May also posted the highest number of residential sales since April 2008, on a seasonally adjusted basis, and was the fourth consecutive month of rising home sales. 

Home sales have bounced back from the extraordinarily low levels recorded during the winter months,

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