No slowdown for Vancouver, BC market

Vancouver, BC

“The Real Estate Board of Greater Vancouver reports that residential property sales in Metro Vancouver reached 3,524 on the Multiple Listing Service® (MLS®) in November 2015. Year over year this represented a 40% increase compared to the 2,516 sales recorded in November 2014. New listings for detached, attached and apartment properties in Metro Vancouver totaled 3,392 in November. This was a 12.5% increase compared to the 3,016 new listings reported in November 2014. The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver was $752,500 in November, a 17.8% increase over November 2014. While the benchmark price for a detached property in Metro Vancouver increased 22.6% year over year from the $1,226,300 recorded in November 2014.”

Simon Kwan, Vancouver, BC - Solidifi EXTRAORDINARY APPRAISER