REAL ESTATE NEWS

2008 Brought impoved housing affordability to Greater Vancouver.

Vancouver, BC – January 5, 2009 – The record breaking real estate market cycle in Greater Vancouver, longer than normal at seven consecutive years, ended in 2008 amidst global economic challenges. The change brought relief from rising prices that saw benchmark prices escalate from $357,770 for a single family detached home in December 2001 to $648,421 by December 2008.

This entry was posted on Tuesday, January 6th, 2009 at 3:18 pm
and is filed under Real Estate News.