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September Home Sales up nearly 64% from 2012

The September home sales in Vancouver region were up to nearly 64% as the market posted big gains from last year's market when sales plunged due to the change in mortgage lending rules.

The Real Estate Board of Greater Vancouver also mentioned that there were 2,483 sales through it's Multiple Listing Service in September, which made up from 1,516 a year ago.

Board president Sandra Wyatt also mentioned that the sales are considerably up from last year but it's important to note that last September 2012 sales were among the lowest in three decades.  She also added that Home Sale and Listing activity this September were in line with the 10-year average for the month.

Real Estate sales in Vancouver have bounced back strong in recent months if we compare to last year when federal finance minister Jim Flaherty tightened the mortgage lending rules.  The move by the minister sent the sales down to Canadian real estate last year, however, the sales have since picked up again in many areas.

 

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