Real Estate Market: MLS

Real Estate Dept: However, the Kooteney real estate market relies mostly on buyers from Alberta, he said, according to Globe and Mail. The monthly real estate report, released Thursday by the association, shows the number of MLS units sold dropped by 27 per cent in the Kootenays, to 159 in the first two months of this year, compared to 218 in the first two months of 2011. The average price dropped to $240,097, from $252,698 and prices have held in Vancouver largely as a result of immigration, Cameron Muir, chief economist for the real estate association, said Thursday in an interview. The region thrives on recreational home purchases but many people have been looking south of the border to the U.S. for bargains, he said. (www.immigrantscanada.com). As reported in the news.