Greater Vancouver apartment and townhome sales up 25% from a year ago

File photo.
File photo. THE CANADIAN PRESS/Jonathan Hayward

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.

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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.

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“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.

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