Dec 2007 4

November: Housing Market Continues To Be Strong

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Here is the news from the Real Estate Board of Vancouver, B.C. December 4, 2007.

"The housing market continues to be strong," says REBGV president Brian Naphtali. "November figures show strong growth compared to last year, are basically on par with figures from 2005, and are 16 per cent higher than the same period in 2004."

"Affordability is a key question," Naphtali says. "Our data indicates that about 60 per cent of residential homes purchased in November were multi-family, which includes condos and townhomes. The benchmark price for a condo in Greater Vancouver is about $375,000."

You can download the whole Vancouver real estate November 2007 news release here in PDF format.

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