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The Canadian house market is cooling down, which is shown by the diminishing demand and increasing supply. According to the Real Estate Board of Greater Vancouver, sales in October 2011 were off by 1% compared to last year, and it’s the second worst month for sales in the past decade.
New listings increased by 18.3% compared to last year’s October, and residential properties’ bench mark price was up 7.5% from last reach, reaching $622,955. However price has dropped 1% from the peak of $630,921 in June. According to Rosario Setticasi, president of the board, right now it’s the buyers’ market as they have more selections of properties and more time to make decisions.
For the full article, please click on the link below:
Financial Post – Nov 2nd, 2011
Featured Listings
5679 Newton Wynd,
Vancouver West
$31,000,000
1143 Highway 3,
Okanagan
$8,700,000
Seven Stones Winery – 1143 Hwy 3,
Okanagan
$8,700,000
4572 West 3rd Avenue,
Vancouver West
$6,998,000
1001-1633 Ontario Street,
Vancouver West
$6,800,000
Butedale Bay,
Princess Royal Island
$6,200,000
The River House Estate,
Telkwa
$4,998,000
2588 Courtenay Street,
Vancouver West
$4,388,000
8596 Squilax-Anglemont Road,
North Shuswap
$3,380,000
2791 Alamein Avenue,
Vancouver West
$2,998,000
142 Flagstone Rise,
Okanagan
$2,349,000
5880 Clarendon Street,
Vancouver East
$2,338,000
2789 Alamein Avenue,
Vancouver West
$2,199,000
3605 – 688 Abbott Street,
Vancouver West
$1,998,000
401-2239 West 1st Avenue,
Vancouver West
$1,988,000
5254 Sherbrooke Street,
Vancouver East
$1,699,000
2440 Gammon Road,
Okanagan
$1,698,000
3023 Maple Street,
Vancouver West
$1,688,000
2006 West 14th Avenue,
Vancouver West
$1,688,000
3057 Naramata Road,
Okanagan
$1,169,000
408-503 West 16th Avenue,
Vancouver West
$1,150,000
188 Longview Place,
Okanagan
$970,000
6-8711 Jones Road,
Richmond
$768,000
125-6033 Katsura Street,
Richmond
$729,000
2488 East 8th Avenue,
Vancouver East
$699,000
Cottage Siavonga,
Africa
$499,900 USD
419-9979 140th Street,
North Surrey
$445,000
104-3426 Hemlock Street,
Okanagan
$249,900
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