Vancouver residential property sales were up an impressive 14.9% versus October 2013 – 16.6% above the 10-year sales average for October. As a result of the strong sales numbers, home prices grew between 4% and 8% in Metro Vancouver with detached homes leading the charge. Supply constraints are the main culprit for detached home growth as there is less supply of detached homes than condo or townhomes in the Vancouver region.
Check out the breakdown for homes sold in Vancouver.
