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

B.C. party leaders tussle over affordability in radio debate before Oct. 19 vote

British Columbia's party leaders have jousted over affordability in their first and only radio debate of the province's election campaign. The debate brings together NDP Leader David Eby, B.C. Conservative Leader John Rustad and Green Party Leader Sonia Furstenau for the first time on the campaign trail ahead of the Oct. 19 vote.

B.C. party leaders tussle over affordability in radio debate before Oct. 19 vote

B.C. father and daughter accuse Canadian Tire, security company of racism, profiling

An Indigenous father and daughter in British Columbia are accusing Canadian Tire and its third party security company of racial profiling and racism after they say he was singled out at a store in Coquitlam and an employee responded with a racist comment. The complaint alleges that on January 17, 2020, the pair purchased new tires for installation and shopped in-store while they waited.

B.C. father and daughter accuse Canadian Tire, security company of racism, profiling

Kayaker dies after capsizing on river in central Alberta: RCMP

An Alberta man is dead after his kayak capsized on the Athabasca River. RCMP say they responded to a call on Saturday about a man in medical distress near the town of Hinton, Alta. Hinton is about 290 kilometres west of Edmonton.

Kayaker dies after capsizing on river in central Alberta: RCMP

Man charged in Vancouver Island homicide

Mounties on Vancouver Island say a man has been charged with murder after another man was found dead over the weekend. R-C-M-P say officers from the Lake Cowichan detachment were called to a home at the Ditidaht First Nation Saturday morning.

Man charged in Vancouver Island homicide

Violent attack on girl captured on video in Kelowna RCMP investigating

Police in Kelowna say they're investigating a violent attack on a girl that was captured on video on Friday night. RCMP say they are "reviewing very clear and detailed video of the incident to identify all of those involved," including "primary aggressors" and witnesses.

Violent attack on girl captured on video in Kelowna RCMP investigating

Calgary police investigating weekend assault of prominent radio host

Rishi Nagar, a longtime radio host and news director for RED FM Calgary, identified himself as the victim of the assault. Nagar says he was assaulted by two men who were upset with recent reporting his outlet did related to an incident at the Dashmesh Culture Centre in Calgary last week.