METRO VANCOUVER (NEWS1130) – There’s been a huge increase in the number of Metro Vancouver homeowners trying to cash in on the region’s rising prices.
An industry group says there was a 33.5 per cent gain in new listings in September from August, with an additional 1,040 properties with “for sale” signs.
Sales last month reached 2,922, up 17.7 per cent from a year earlier and 16.1 per cent higher than the 10-year average for the month, according to the Real Estate Board of Greater Vancouver.
The group’s adjusted “benchmark” price for all residential properties rose 5.3 per cent to $633,500. But the average unadjusted selling price for an apartment-style condo rose 11.1 per cent to $477,000.