Spring buyers and sellers emerge in the Greater Vancouver housing
VANCOUVER, B.C. – May 2, 2014 – Home buyers and sellers became more active in the
Greater Vancouver housing market in April.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in
Greater Vancouver reached 3,050 on the Multiple Listing Service® (MLS®) in April 2014. This
represents a 16.1 per cent increase compared to the 2,627 sales recorded in April 2013, and a
15.5 per cent increase compared to the 2,641 sales in March 2014.
The sales-to-active-listings ratio currently sits at 19.7 per cent in Greater Vancouver, which is the
highest this measure has been since June 2011.
“Home prices in the region continue to show steady, yet modest increases when compared to last year”
And from Cameron Muir Chief Economist of the BC Real Estate Association. Interest rates are unlikley to get any lower for some time: