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Greater Vancouver housing market trends near long-term
averages as spring market approaches
VANCOUVER, B.C. – March 2, 2012 – Closer alignment between home buyer and seller activity helped bring
greater balance to the Greater Vancouver housing market in February.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver
reached 2,545 on the MLS® system in February 2012. This represents a 61.4 per cent increase compared to the 1,577
sales recorded in January 2012, a decline of 17.8 per cent compared to the 3,097 sales in February 2011 and a 2.9 per
cent increase from the 2,473 home sales in February 2010.
February sales in Greater Vancouver were the third lowest February total in the region since
Greater Vancouver housing market trends near long-term averages as spring market approaches. Closer alignment between home buyer and seller activity helped bring greater balance to the Greater Vancouver housing market in February.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,545 on the MLS® system in February 2012. This represents a 61.4 per cent increase compared to the 1,577sales recorded in January 2012, a decline of 17.8 per cent compared to the 3,097 sales in February 2011.