The Real Estate Board of Greater Vancouver presents the Greater Vancouver August 2010 statistics package including monthly sales and listing data plus long-run price and sales figures.
“We’re seeing moderate demand, low interest rates and a healthy but slowing stream of supply in our marketplace,
all variables that favour those looking to purchase a home,” Jake Moldowan, REBGV president said. “The last few months have also shown some stability when it comes to price fluctuations in the region, which is a welcome trend after reaching record highs in April.”Since spring, housing prices have decreased 2.8 per cent compared to the all-time high reached in April when the residential benchmark price was $593,419. Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.9 per cent to $576,597 in August 2010 from $539,600 in August 2009.
“Canada remains an attractive destination for foreign buyers, a fact that continues to affect activity in the GreaterVancouver housing market,” Moldowan said.
Please click HERE for the full report.
