May 2006 4

March Sales Activity in Vancouver

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Here is the news from the Real Estate Board of Greater Vancouver for March 2006.

Continued demand in the Greater Vancouver housing market led to an increase in sales and listing activity last month. Sales of detached, attached and apartment properties reached 4,033 units in March 2006, an increase of 2.4 per cent compared to March 2005's 3,938 units, and a decrease of 7.7 percent compared to March 2004's record-breaking 4,371 sales."By investing in real estate, homebuyers are demonstrating confidence in our economy and confidence in the high reputation of the Vancouver housing market," says Real Estate Board of Greater Vancouver president Rick Valouche. "While benchmark prices increased in comparison to the same period last year, we're seeing less of a change in comparison to February 2006.

You can download the whole Vancouver real estate news release here in PDF format.

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