Newspaper article The Canadian Press

November Home Sales in Vancouver Up 40 per Cent from Year Ago, Board Says

Newspaper article The Canadian Press

November Home Sales in Vancouver Up 40 per Cent from Year Ago, Board Says

Article excerpt

November homes sales in Vancouver up

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VANCOUVER - Home sales in the Vancouver area posted their second-highest ever November sales as they climbed 40.1 per cent compared with a year ago.

The Real Estate Board of Greater Vancouver says home sales on the Multiple Listing Service in Metro Vancouver totalled 3,524 last month.

That was up from 2,516 a year ago and down slightly from 3,646 in October.

"November is typically one of the quietest months of the year in our housing market, but not this year," board president Darcy McLeod said.

"The ratio of sales to home's available for sale reached 44 per cent in November, which is the highest it's been in our market in nine years."

New listings for detached, attached and apartment properties in Metro Vancouver amounted to 3,392 in November compared with 3,016 in the same month last year. …

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