October 2014: Housing Market Trends in Vancouver [INFOGRAPHIC]

Both in the City of Vancouver, and in the Greater Vancouver Regional District, the fall markets were strong last month. Across the board, sales and benchmark prices were up, even though listings were down, in general. 

REBGV President Ray Harris: "We've seen strong and consistent demand from home buyers in Metro Vancouver throughout this year.  This has led to steady increases in home prices...Detached homes continue to increase in price more than condominium and townhome properties.  This is largely a function of supply and demand, as the supply of condominium and townhome properties are more abundant than detached homes in our region."

Sales in the East are particularly healthy; up an average of 25 per cent from last month.  The West side shows steady growth as well, and prices continue to rise - the bench mark price on apartment properties now surpassing $500,000. 

Want to take advantage of this strong market? Please don't hesitate to get in touch!

MarketTrends 201410
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