Friday, December 3, 2010

Sales Down, Prices Up in Vancouver

Home sales still falling in Vancouver and Calgary
Sales also continue to slump in Vancouver, Canada’s most expensive city for housing. November sales were off 18.6% from a year ago. Prices are up with the benchmark price for all residential properties $580,080, a 4.1% increase from a year ago.

Like Australia, the high end is holding up the average sale price. Almost certainly the influence of outside money, which has a strong preference for the high end.

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