Residential sales, new listings and year-to-date inventory have all experienced a month-over-month increase from April 2019. Total residential sales are up 17.64% from last month, and sales have also seen a year-over-year increase of 4.04% from May 2018. Sales of single-family homes have increased month over month by 16.37% and 2.64% year over year. Condo sales have increased by 15.69% since last month but have decreased by 0.42% since May of 2018. Duplex/rowhouse sales have increased by 16.22% month to month and 14.36% year over year. All residential listings have increased 7.22% from last month but have decreased by 12.17% from May of 2018.
“Month over month increases are typical at this time of year, when
Interest in electric cars is growing as prices at the pump surge and Canadian society in general turns away from fossil fuels.
In British Columbia, for example, the government recently announced a new law requiring that all cars and trucks sold in the province be zero emission by 2040. In addition, the federal government is offering buyer’s incentives for newly purchased or leased electric vehicles on or after May 1, 2019. Click this link to find the list of eligible vehicles.
This may seem all fine and dandy — who doesn’t like the idea of no longer paying high gas prices to commute? — but a lot of questions still remain about the infrastructure surrounding electric vehicles.