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“The Real Estate Board of Greater
Vancouver (REBGV) reports that total residential sales
reached 3028 units in October 2007, an increase of 11.2
per cent compared to 2,722 sales in October 2006, and
a 2.3 per cent decrease compared to the 3,099 units
sold in October 2005.
“Property listings remain relatively unchanged
compared to last year’s levels, with 4,819 active
listings at October month-end, compared to 4,862 last
year.
““This is only the fourth time in 25 years
that sales have surpassed the 3,000 mark in the month
of October,” says REBGV president Brian Naphtali.
“What we’re seeing is a buoyant market fueled
by strong demand from both first-time and repeat buyers.
““The economy is healthy,” Naphtali
says. “There’s virtually no unemployment.
Interest rates are steady. These are all factors affecting
the continued strong demand for housing.”
Current Mortgage
Rates, make now a great time to buy a home!
Sales volumes and selling prices comparisons
Detached Homes |
# of sales |
difference in
selling price |
| Burnaby |
+ 4 % |
+ 11 % |
Coquitlam
|
- 2 % |
+ 8 % |
| Maple Ridge/Pitt Meadows |
- 5 % |
+ 13 % |
| New Westminster |
+ 2 % |
+ 8 % |
| Port Coquitlam |
- 4 % |
+ 9 % |
| Port Moody / Belcarra |
+ 3 % |
+ 11 % |
Attached Homes |
# of sales |
difference in
selling price |
| Burnaby |
+ 17 % |
+ 13 % |
Coquitlam
|
- 7 % |
+ 14 % |
| Maple Ridge/Pitt Meadows |
- 5 % |
+14 % |
| New Westminster |
+ 8 % |
+ 12 % |
| Port Coquitlam |
+ 5 % |
+ 13 % |
| Port Moody / Belcarra |
+ 23 % |
+ 28 % |
Apartments |
#
of sales |
difference
in selling price |
| Burnaby |
+ 7 % |
+ 16 % |
Coquitlam
|
- 1 % |
+ 11 % |
| Maple Ridge/Pitt Meadows |
+ 6 % |
+ 18 % |
| New Westminster |
+ 9 % |
+ 13 % |
| Port Coquitlam |
+ 10 % |
+ 19 % |
| Port Moody / Belcarra |
+ 59 % |
+ 18 % |
(All figures compare Jan- Oct 2007 to Jan -
Oct 2006)
*Note: This representation is based in whole
or in part
from data generated by the REBGV, which assumes
no responsibility for its accuracy.
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Mortgage
Information
First
Mortgages |
Term |
Rate |
Variable |
5.10 % |
1
Year |
5.60
% |
2 year |
5.65 % |
3
Year |
5.70
% |
4 Year |
5.95 % |
5 Year |
5.65
% |
7 Year |
6.00% |
10 Year |
6.15
% |
Rates are subject to change, for a current rate
quote contact:
Gloria Purvey PFC, AMP
gloria@purvey.ca
Specialist & Trusted Mortgage Broker
Global Mortgage Corp
www. Purvey.ca
604-889-1859
fax: 604-942-1048
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