Wednesday , September 28 2022

The sales of Metro Vancouver house reached the highest level since the biggest recession in 2008



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Metro Vancouver's real estate market infrastructure continues to grow according to new data published by Vancouver Real Estate Management.

Sales of regional sales reached 1,608 units in November 2018, a drop of 42.5% in the same period of 2017 and a fall of 18.2% with respect to October 2018.

In fact, the sales of the previous month were 34.7% of the 10-year average for November sales, and it was the smallest growth since 2008 due to the great recession.

In November 2018, compared to the same period of the previous year, domestic sales fell 36.8% for self-employed units, 46.3% for apartments and 36.8% for added units.

"Home buyers have taken a promising vision of up to 2018. Sales in the region have been useful for returning to typical historical levels," said Phil Moore, chairman of REBGV, in a statement.

"This activity helps home prices at the edge of all kinds of real estate, from the record records that we have been living in the past year".

In general, for all types of households, the reference price has a USD042 million passport, falling by 1.4% in November 2017 and a fall of 1.9% compared to October 2018.

Compared to the previous month, the prices of the references were 1.6% and 1.5 million less for homes, 2.3% and 668 thousand dollars, and 1.3% and 818,500 dollars for homes.

The number of new places continues, with the 3,461 newly listed properties of the MLS data showing last month – down 15.8% in November 2017 and 29% in October 2018.

In the list of monthly sales lists, the apartments were the highest, 17.6%, followed by 8.9% for homes and 14.7% for homes. In the entire table of all kinds of property, the ratio was 13.1%.

All this coincides with the Canadian Mortgage and Housing Corporation forecast last month at the Vancouver home equity market moderation & # 39; through one.

Earlier that year, the BC Real Estate Association projected sales in the Vancouver region by 26% in the end of the year compared to the previous year.

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Kenneth Chan

Editor of daily editor features, Vancity Buzs evolution. It covers local architecture, urban issues, politics, business, retail trade, economic development, transport, infrastructure and passenger industry. Kenneth New Year's Eve is one of the founders of Vancouver. Connect with him on kenneth[at]dailyhive.com


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