Metro Vancouver has third-busiest November; Fraser Valley second-busiest in last 10 years

Continuing low mortgage rates led to an unseasonably high number of home purchases across the region in November, pushing prices close to their previous peak, Lower Mainland real estate boards reported Wednesday.

For the area of Metro Vancouver covered by the Real Estate Board of Greater Vancouver, that meant 3,083 sales through the Multiple Listing Service in November, making it the third busiest November ever.

The benchmark price, the average for typical properties sold, hit $557,384 across all property types.

Read the full article “Low Interest rates fuel home sales” in the Vancouver Sun (Dec 3, 2009).

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