"Market is Heading toward more balance"

Feb. 7, 2008 | Market Update | By Aaron Rossetti

The Real Estate Board of Greater Vancouver's (REBGV) market update for sales through January 2008 calls for a move "toward more balance." The REBGV President Brian Naphtali stated that new listings are outpacing sales. "The result will be welcome for consumers looking for more time to undertake due diligence before making a buying or selling decision."

Detached property sales in January 2008 declined 7.8 per cent, while the benchmark price for detached properties rose 15.7 per cent from the same time last year.

Attached property sales in January 2008 declined 6.7 per cent, while the benchmark price of an attached unit increased 12.4 per cent from January 2007.

To read the entire January REBGV Market Update, click here.