Home sales up 16.4 per cent in May
Saturday, March 13, 2010
According to the latest report of the Canadian Real Estate Association, home sales in Metro Vancouver jumped 16.4 per cent in May from a year earlier.
“Inventory levels are still high in many markets, but fewer new listings and rising sales activity suggests that the selection of homes available for sale may shrink as the year progresses,” said Gregory Klump, chief economist at CREA.
“The supply of homes up for sale needs to be drawn down further before average price increases become more widespread among local markets.”
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Rick Stonehouse has been involved in selling real estate for almost 25 years. Recognized as a leading realtor in the Strathcona / Mount Pleasant area of Vancouver, Rick is now bringing his real estate and marketing expertise to new communities in the Vancouver area. Always a progressive force in the community, Rick’s philosophy is to approach real estate from an advisory capacity, getting to know and helping his clients to make the right decisions for their particular situation.
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