The rebound in Metro Vancouver’s resale real estate markets allowed new-home builders to take back a little bit more of the discounts they had to give buyers earlier in the year to make sales, recent figures from Statistics Canada show.

New-home prices edged up 1.4 per cent in September from August, according to Statistics Canada’s new housing price index, but are still some 6.4-per-cent lower than prices a year ago.

Read the full article by Derrick Penner, “Metro Vancouver home builders ease off discounts in hot market” in the Vancouver Sun (Nov 13, 2009).

Developments featured in this article

More Like This

Facebook Chatter