Real Estate Board Of Greater Vancouver October 2020
2020-11-09
The Real Estate market in Greater Vancouver is booming despite the global pandemic. Home is a focus for many wanting to get into the market with historically low interest rates. Sales in October were almost 35% higher than the 10 years sales average for October and the second highest ever. Multiple offers are once again common and interest in single family homes has undergone a resurgence. The benchmark price for a detached home is now $1,523,000 an 8.5% increase over October 2019. The benchmark price for a condo is now $683,500 up 4.4% from October 2019. Finally the benchmark price for a townhome is $813,000 up 5.4% from October 2019. It's a great time to buy!