But average price paid for Vancouver home dropped $60,000 in 2009 to $531,790

(Source: Vancouver Sun)

Rising sales and fewer listings have returned Canada to a “seller’s market,” with total B.C. home sales this year up nearly seven per cent compared to 2008, according to a Global Real Estate Trends report released Thursday by Scotia Economics.

“In terms of trends, sales in B.C. have been picking up since January,” Adrienne Warren, senior economist at Scotia Economics, said in an interview. “And it’s been increasing steadily since. For prices the low point was in April.”

The report concluded that home sales in 2009 in B.C., compiled to the end of August on a seasonally adjusted annual rate, rose to 73,211 units sold compared to 68,923 in 2008.

Read Brian Morton’s full article “B.C. returning to ‘seller’s market,’ report says” in the Vancouver Sun (October 5, 2009).

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