According the Real Estate Board of Greater Vancouver, 2007 was the second busiest year ever (as measured by Vancouver housing sales). There were a total of 38,050 sales in Vancouver from January 1st, 2007 through to December 31st, 2007. That’s a 7.2% increase over 2006.
“The continued strength of the real estate market is a reflection of the economic vitality seen throughout the province. With overall wages on the rise and unemployment in decline, buyers and sellers are left with a healthy and strong climate in which to operate,” says REBGV president Brian Naphtali.
Apartment sales were up in 2007 by 9.1% over 2006. For December 2007, Apartment sales were up a whopping 21.6% over the same period a year ago. The benchmark price of condominiums rose by 14.4% from December 2006 to $377,579.
Sebastian Albrecht, Vancouver Realtor with Royal LePage
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