Strong sales ends 2009 Vancouver housing market on high

The Real Estate Board of Greater Vancouver (REBGV) revealed that 5,703 homes were sold in December 2009 in BC, a 132% increase from same month the year before.

This sales boost has so far managed to carry momentum into the spring of 2010 with good turnouts at open houses and multiple offers on well priced properties.

As pent up demand diminishes and mortgage rates eventually rise we can expect a slowing of sales and more moderate price growth.

For more information on Vancouver real estate market conditions click here. 

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