The Real Estate Board of Greater Vancouver says apartment and townhome sales outpaced those of detached homes in the month of September, with the total number of sales up 25 per cent compared to the same month a year ago.
WATCH: Experts discount real estate “bubble” in Vancouver
However, September sales were down seven per cent from August.
Board president Jill Oudil says the detached home market is balanced, but it’s a seller’s market for apartments and townhouses.
“Sales of apartment properties reached 1,451 in September 2017, a 19.1 per cent increase compared from the sales recorded in September 2016,” a release from the Board reads.
The benchmark price was just over $1-million, up slightly from August, and 10 per cent higher than a year ago.
- Cyberattack targeting B.C. government networks led by a ‘state or state-sponsored actor’
- Suspect photos released in Victoria change room voyeurism case
- Vancouver Canucks praise loud crowd in opener, hope to hear roaring repeat for Game 2
- Better disabled accessibility needed for B.C. taxi, ride-hailing industry, committee says
Comments