The B.C. housing market reported lower sales in December, marking the first monthly decline since August. Seasonally adjusted MLS home sales in the province reached 6,741 units, falling by 3.4 per cent from November but favourable in to a 5.8-per-cent decline countrywide. Despite the drop, momentum has been positive following a series of rate cuts. On a full-year basis, sales rose by a mild 2.1 per cent.

Monthly sales declined in all of B.C.’s regions except for Vancouver Island (excluding Victoria), where home sales increased by 1.4 per cent. In the Greater Vancouver region, home sales fell by 2.6 per cent, following a 7.4-per-cent uptick in the previous month. Sales also dipped sharply in South Okanagan by 14.6 per cent and in the Kootenay by 12.2 per cent. That said, home sales trends have been largely........

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