B.C. October real estate sales highest for the month in six years

I found an article about real estate, which explains the increase of real estate sales. In October, the sales were the highest for the month in six years.

The article says that realtors cleared that there were around 8.600 sales, so it increases with 115 percent compared to the same month a year ago.
44 Percent of all those sales, around 3.700 sales, were in the Real Estate Board of Greater Vancouver’s territory. That number represents a 171 percent increase from October 2008.
It was a similar situation in the Fraser Valley, where 1,583 sales in October represented a 120-per-cent increase from the same month a year ago.
Camerion Muir, who is the B.C. Real Estate Association’s chief economist, said that the recession is playing a huge impact in this case.
But he expects that the South Coast markets will not maintain the pace of sales that have been seen over the past several months.
The sales in those markets are driven by a high demand of buyers from last fall and who are now being drawn in by the current interest rates.
Also the home price went up with 17 percent and was in October $493.328. But now the home prices are more expensive.
The conclusion is that British Columbians racked up the highest number of real estate sales for the month October since 2003.

My opinion is that however they have accomplished the highest real estate sales, that isn’t enough for this market. It’s better that the market stays stable, I mean no increases or decreases. Now, in October, the real estate sales increases, but the next couples of months it can also decrease more and so you can speak of a big loss in this market.

Source: http://www.vancouversun.com/business/October+real+estate+sales+highest+that+month+years/2232990/story.html