Close X
Thursday, November 14, 2024
ADVT 
National

Fewer Listings, Strong Demand Helps Vancouver-Area Real Estate Rally

The Canadian Press, 04 Apr, 2017 12:11 PM
    VANCOUVER — Home sales in Metro Vancouver are bouncing back after a dismal February, but the Real Estate Board of Greater Vancouver says transactions are still almost 31 per cent below the March 2016 record.
     
    The board says a shortage of property listings and strong demand, especially for condos and townhomes, propelled the market in March.
     
    Board president Jill Oudil says sellers still seem reluctant to put their homes on the market, creating stiff competition for homebuyers.
     
    The numbers of new listings haven't been this low since March 2009.
     
    Oudil says the competition also means home prices are likely to continue to increase until we see more housing supply coming on the market.
     
    The composite benchmark price in March for all residential properties in Metro Vancouver is over $919,000, a 1.4 per cent increase compared with February.

    MORE National ARTICLES

    Two-year-old Boy Dies After Being Hit By Vehicle On Rural B.C. Property

    Two-year-old Boy Dies After Being Hit By Vehicle On Rural B.C. Property
    North Okanagan RCMP Const. Jocelyn Noseworthy issued a news release saying the two-year-old boy was hit by a vehicle Monday afternoon.

    Two-year-old Boy Dies After Being Hit By Vehicle On Rural B.C. Property

    B.C. Man Shot By Police Repeatedly Stabbed Himself Before Shooting: Witnesses

    Naverone Woods, 23, was shot inside the Safeway by officers on the morning of Dec. 28, 2014, and died after he was taken to hospital.

    B.C. Man Shot By Police Repeatedly Stabbed Himself Before Shooting: Witnesses

    Woman Injured, Man In Custody, After Violent Attack In Campbell River, B.C.

    Woman Injured, Man In Custody, After Violent Attack In Campbell River, B.C.
     A woman has been seriously injured and a man is in custody following what RCMP in Campbell River describe as a break-in at a home in that east coast Vancouver Island city.

    Woman Injured, Man In Custody, After Violent Attack In Campbell River, B.C.

    Police Investigate After Woman Alleges Man Posted Nude Photos Without Consent

    Police Investigate After Woman Alleges Man Posted Nude Photos Without Consent
    TORONTO — Police say they are investigating after a woman alleged that a Toronto photographer and comedian publicly posted nude photos of her online without her consent.

    Police Investigate After Woman Alleges Man Posted Nude Photos Without Consent

    Illegal Border Crossers Nabbed So Far In 2017 Nearly Half Of All Caught In 2016

    Illegal Border Crossers Nabbed So Far In 2017 Nearly Half Of All Caught In 2016
    OTTAWA — Data released today shows that the RCMP have arrested nearly half as many illegal border crossers this year as they did in all of 2016.

    Illegal Border Crossers Nabbed So Far In 2017 Nearly Half Of All Caught In 2016

    Boy, 14, Has 'Significant' Injuries In Snowmobile Crash In Southwestern Alberta

    BLAIRMORE, Alta. — A 14-year-old boy has been injured in a snowmobile crash in southwestern Alberta.

    Boy, 14, Has 'Significant' Injuries In Snowmobile Crash In Southwestern Alberta