Sunday, 23 June 2013

According to a press release issued by Real Estate Board of Grater Vancouver (REBGV), the real estate market in Vancouver city is showing signals of improvement. The prestigious organization reports that the sale of residential property has reached to 2882 Multiple Listing Service (MLS) in May 2013 as compared to 2853 sales recorded in the past month. When compared with the data of last year, the sales remain low but Real Estate Analysts in Vancouver are still optimistic about the growth.

The total number of properties currently listed for sale on the MLS® in Greater Vancouver is 17,222, a 3.4 per cent low when compared to May 2012 and a 2.9 per cent high as compared to April 2013.

The Real Estate industry is a key economic driver in British Columbia. In 2012, 25,032 homes changed ownership in the Board’s area generating $1.07 billion in economic spin-off activity and creating an estimated 7,125 jobs.


1 comment:

  1. It is not impossible if we found out that many people from different countries are buying real estate in Vancouver because it is a great place to have a property.
    Vancouver Real Estate