National

Jump in home sales in Vancouver

Darpan News Desk The Canadian Press, 04 Nov, 2024 02:52 PM

Home sales in Greater Vancouver jumped nearly 32 per cent last month compared with October 2023 as interest rate reductions boosted demand.

A statement from Greater Vancouver Realtors says more than 26-hundred homes changed hands, although that's still about 5.5 per cent below the 10-year average.

After months of tracking approximately 20% below seasonal averages, Metro Vancouver home sales surged more than 30% year-over-year in October.

Check out our October MLS® Market Report to learn more: https://t.co/aiwKs6JyLp #GVR #marketupdate #vancouverrealestate
— Greater Vancouver REALTORS® (Formerly REBGV) (@GVRealtors) November 4, 2024

Andrew Lis, the realtors' director of economics, says four consecutive rate cuts from the Bank of Canada have renewed strength in demand.

The composite benchmark price for all residential properties sold was just over 1.17 million dollars, representing a decrease of just under two per cent from the same month last year.

Prev Next

MORE National ARTICLES

Focus on vulnerable communities, improve data sharing before next pandemic: report

An expert panel of doctors and researchers say Canada needs to learn from the COVID-19 pandemic and take action before the next health emergency strikes. One of the six experts, Dr. Fahad Razak, says most scientists believe it's "only a matter of time" before another global health crisis hits.

Focus on vulnerable communities, improve data sharing before next pandemic: report

Statistics Canada says levels of food insecurity rose in 2022

Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels. In a report using data from the Canadian community health survey, the agency says 15.6 per cent of households experienced some level of food insecurity in 2022 after being relatively stable from 2017 to 2021.

Statistics Canada says levels of food insecurity rose in 2022

Trudeau says he has list of Conservatives vulnerable to foreign interference

Prime Minister Justin Trudeau says Conservative Leader Pierre Poilievre has refused to get the security clearance necessary to be briefed on a list of people in his party who are vulnerable to foreign interference. Trudeau told a public inquiry today he has directed Canada's spy service to inform Poilievre of the information so he can make decisions to protect the integrity of his party.

Trudeau says he has list of Conservatives vulnerable to foreign interference

U.K. calls for India co-operation in probe, analyst warns allies might limit response

The British government says India should co-operate with Canada's investigation into accusations that New Delhi has been involved in an escalating number of violent crimes in Canada, as an analyst warns that strategic interests might limit how allies respond to the bombshell claims. Meanwhile, members of Parliament are likely to look into how Ottawa can best respond to the allegations, with the four major political parties requesting an emergency meeting.

U.K. calls for India co-operation in probe, analyst warns allies might limit response

Tourist randomly assaulted near Canada Place

Vancouver police say charges have been laid after a tourist was randomly assaulted near Canada Place last Sunday. The V-P-D say a woman visiting Vancouver was walking near Canada Place's cruise ship terminal Sunday morning when a stranger repeatedly punched and kicked her.

Tourist randomly assaulted near Canada Place

Air India passengers get a lift from RCAF after bomb scare forces landing in Nunavut

More than 200 Air India passengers should be on the ground in Chicago this morning after their flight was diverted to Nunavut due to a bomb threat. The airline issued an update overnight via social media, thanking the Royal Canadian Air Force for helping ferry the 211passengers of Flight 127 from India to their final destination.