B.C. housing market has returned to normal, despite low supply

 B.C. housing market has returned to normal, despite low supply

SURREY (NEWS 1130) — Record-setting home sales across the province in the spring have slowed down.

The British Columbia Real Estate Association (BCREA) says the market is returning to normal, even though the supply of homes hit a new low last month.

Sales for August dropped more than seven per cent compared to a year ago, with listings down more than 40 per cent compared to normal levels for the month.

The average price for a home in B.C. was a little over $900-thousand, up more than 17 per cent year-over-year.

For Metro Vancouver, the average home price was…

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