The prices of property in British Columbia will stay flat for the rest of the year. The news should make buyers happy across the province after very high valuations recorded recently. The news has also brought cheer to B. C. Real Estate Association.

Cameron Muir, the association's Chief Economist stressed that sales of houses have stabilized and the number of unsold properties has also risen during the last few days. This has helped the prices stay under control, noted Muir.

The sales during the month of April were also higher at 21% compared to the same month last year. The total sales in April were marginally less than March. The number of inventories hit 54,029 in April which was 9% than April
2009.

It is also felt that people do not have a lot of money to pay for the houses due to recession witnessed last year. A leading economist stressed that the addition of 13,000 new jobs in the month of April will lower the rate of unemployment in the province of British Columbia. He felt that more jobs will help push the real estate market.

The average price of a home was at $514,820 which is higher than 15% compared to the same month last year. The sale of homes stood at 26,669 units at the end of April which is 47% more than the same period last year.