Vancouver real estate board says Vancouver a buyer’s market

Added by on November 3, 2011

Canada’s Real Estate Board of Greater Vancouver reports new September listings reached their third highest September volume since 1994, creating a large inventory of properties for Vancouver property buyers to choose from.

Vancouver real estate sales are up just 1.2%, compared with the year before, the third lowest number of September sales during the past 10 years, with the benchmark price for residential properties at CA$627,994 – up from CA$577,174 the previous year. Prices for Vancouver condo apartments saw a significant increase when compared to the year before.

According to Jean Séguin, a Realtor in Vancouver, BC, the glut of houses for sale in Vancouver creates competition among sellers, providing more options for buyers in the Vancouver real estate market.

Séguin said, “The buyer’s market in Vancouver real estate, in addition to the the Bank of Canada’s announcement to hold it’s key lending interest rate steady makes this a great time to buy Vancouver property.”

Contact Jean Séguin for Vancouver real estate at