Wednesday 2 October 2019

Home Sales Increase in Vancouver

The Real Estate Board of Greater Vancouver says home sales jumped 46.3% in September compared with last year. The board says 2,333 homes were sold in September, up from 1,595 sales last year, to come in at a level just 1.7% below the 10-year average for September. A total of 4,866 homes were listed in the month, a 7.8% decrease compared with a year earlier, and a 29.9% increase compared with August. These statistics indicate a more balanced housing market.

Toronto and Vancouver remain among the most overvalued housing markets in the world, according to a new report from UBS Global Wealth Management.

House prices right now are falling in Vancouver. For the Vancouver 409 attached homes sold in August, the benchmark price was $654,000 - down 7.8% from a year earlier.

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