Scott Clarke - Personal Real Estate Corporation
Sutton Group - 1st West Realty
118-3030 Lincoln Ave., Coquitlam, British Columbia
P: 604-942-7211
F: 604-461-8873 Email
Thursday, November 12, 2009
- High sales levels spur rise in home values
Wednesday, November 4, 2009
VANCOUVER – Strong demand has led to a steady rise in Greater Vancouver home prices compared to last year.
Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.8 per cent to $553,702 from $518,668 in October 2008.
"While home prices have been rising in 2009, they have not eclipsed the peaks reached in early 2008," Scott Russell, Real Estate Board of Greater Vancouver (REBGV) president said. "We’re coming off several months of unseasonably high sales levels, which has allowed for a gradual increase in home values this year,"