Things are Good Despite Modest Gains in Vancouver Real Estate Market

Thursday, January 2, 2014

According to the Real Estate Board of Greater Vancouver (REBGV), the Vancouver real estate market condition for November, 2013 wasn’t as good as it was in October, particularly for the number of properties that were listed. However, it’s still good, decent, and favourable to buyers compared to its status last year. “New listings for detached, attached and apartment properties in Greater Vancouver totalled 3,245 in November. This represents a 17.7 per cent increase compared to the 2,758 new listings reported in November 2012 and a 24.8 per cent decline compared to the 4,315 new listings in October of this year.” REBGV also says that the trend for November reflected the overall trend of the Canadian housing market for 2013, where gains were small but steady; it can be said that the “housing boom” that Greater Vancouver experienced in the previous years is finally slowing down.


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