Vancouver home sales climbing, prices stalled

1104house

Financial Post | Business

Canada’s most expensive housing market continues to show signs it is on the rebound.

The Real Estate Board of Greater Vancouver said there was 2,661 sales through Multiple Listing Service in October, 2013, a 37.8% jump from a year ago. Sales were up 7.2% from the 2,483 transactions a month earlier.

However, the rebound still places sales activity 2.8% above the 10-year average for October while new listings were 1.9% below the 10-year average for the month.

“We continue to see fairly typical activity when it comes to monthly home sale and listing totals,” said Sandra Wyant, REBGV president, in a statement. “Today’s activity is helping to keep us in balanced market territory, which means that prices tend to experience minimal fluctuation.”

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New listings are dropping quickly with the 4,323 new homes listed in October, down 14.2% from September. There were 15,257 properties listed through the whole MLS…

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