Buyer demand remains strong while home listings increase

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totaled 3,559 in September 2009, an increase of 3.4% from the 3,441 sales recorded in August 2009 and an increase of 124.5% compared to September 2008 when 1,585 sales were recorded.

Since the beginning of the year, the MLSLink Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 13%. Home prices compared to September 2008 levels are up 1.6 per cent.