Record By Real Estate Board Shows Sales Dives Close To 33% In Vancouver

The sales of homes in Metro Vancouver leaped by 32.6 per cent during last month, unlike last year’s own in September. The Real Estate Board of Greater Vancouver also said there were 2,253 homes that were sold during the month of September, which declined from the previous 3,345 homes sold in September of last year as recorded.

September was the second month which had the 15 per cent tax for foreign buyers of homes endorsed in the city. The complex average cost for all the residential houses was $931,000; with an increase of 28.9 per cent, unlike September last year, although the price decreased by 0.1 unlike the price for the month of August.

There are doubts and uncertainty in the city’s housing market says the Board chairman, Dan Morrison. The issue at hand is that home buyers and those selling are being faced with the dilemma of having their prices established. Morrison says, more people are demanding and in need of town-homes and condominiums, rather than detached homes, backing the forecasts by analyst that those buying homes for the first time are still interested in getting into Vancouver’s housing market