The Canadian Press, November 4, 2019

A condo building is seen under construction surrounded by houses as condo towers are seen in the distance in Vancouver, B.C., on Friday March 30, 2018. THE CANADIAN PRESS/Darryl Dyck

 

VANCOUVER — The Real Estate Board of Greater Vancouver says home sales surged 45.4 per cent in October from a year earlier as lower prices helped boost sales.

The board says there were 2,858 sales for the month, up from 1,966 sales a year ago, to come in 9.8 per cent above the 10-year sales average for October.

The board says homebuyers have more confidence than in the first half of the year as prices edge down and interest rates remain low.

The composite benchmark price was down by 6.4 per cent from a year ago to $992,900, and down 1.7 per cent over the past six months.

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