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. Conservatives add, subtract candidates, as some complain of BC United moving in

Some former candidates complained that the Conservatives were being infiltrated by the Official Opposition — whose leader Kevin Falcon ended his party's campaign last Wednesday — and at least one said they planned to run as an independent.

B.C. Conservatives add, subtract candidates, as some complain of BC United moving in

BBB warns businesses regarding phishing

The Better Business Bureau is calling for businesses to be vigilant after a series of reported phishing attacks. The B-B-B says it has received calls from a number of B-C businesses about attempts made through e-mail or text to give up trademark information.

BBB warns businesses regarding phishing

Alleged arrest in series of crimes

Nanaimo R-C-M-P say a man has been arrested after allegedly committing a series of crimes over the long weekend including stealing and crashing a car. Police say they received calls yesterday afternoon of the suspect wielding a machete and breaking windows while assaulting people in the 21-hundred block of Duggan Road.

Alleged arrest in series of crimes

Transit workers for Metro Vancouver HandyDART service to rally after strike begins

Most HandyDART trips in Metro Vancouver have been cancelled as unionized workers for the specialized transit service begin a strike. Regional transport provider TransLink says in an online notice that most HandyDART trips are cancelled due to the job action but the service is still available for people with medical conditions who need to get to appointments for cancer, renal or multiple sclerosis treatments.

Transit workers for Metro Vancouver HandyDART service to rally after strike begins

Cash-strapped parents seek back-to-school deals as years of inflation take a toll

When August rolled around, April Hicke realized the $100 she typically gives her 13-year-old son to update his wardrobe in time for school to start was no longer enough. Hicke increased her son's budget to $200, taught him about looking for deals and used an annual Patagonia sale and resale sites like Poshmark to find savings on such big-ticket items as winter coats.

Cash-strapped parents seek back-to-school deals as years of inflation take a toll

Former B.C. Liberal minister says he may vote NDP, as Eby woos disaffected centrists

Former British Columbia Liberal cabinet minister Terry Lake says he'll consider voting for Premier David Eby's New Democrats if the B.C. Conservatives don't shift to the political centre, especially on the issue of climate change.