October sales remain strong for Condos
Metro Vancouver home sales in October this year have exceeded previous Octobers due to the strength of the attached home markets, while detached homes have moved towards a more balanced position overall. This October’s sales were 15 percent above the ten year average.
The sales to listings ratios tell the story with detached homes at 16.8 %, Townhomes at 44.8% and Condos at 66 %.
Primary contributors towards demand on our Real Estate market are the growth of our provincial economy and job markets.
Added to this is the recent surge bought on by buyers entering the market before new government lending restrictions take effect in January 2018.
If you require more detailed sales statistics for your specific sub areas of interest or have any other real estate questions feel free to contact me for additional information.