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Bright Spots In Vancouver Market |
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Wednesday, 09 August 2006 |
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West vancouver is one of the few bright spots for june 2006, compared to 2005, with an actual increase in sales.
Bright spots in Greater Vancouver in June 2006 compared to June 2005: | Attached: | | Port Moody/Belcarra | up 48.3% (43 units sold, up from 29) | | Richmond | up 23.9% (202 units sold, up from 163) | | Squamish | up 73.3% (26 units sold, up from 15) |
| Apartments: | | North Vancouver | up 23.1% (117 units sold, up from 95) | | Maple Ridge/Pitt Meadows | up 131.5% (44 units sold, up from 19) |
| Detached: | | Maple Ridge/Pitt Meadows | up 4.1% (201 units sold, up from 193) | | Squamish | up 36.4% (30 units sold, up from 22) | | West Vancouver/Howe Sound | up 12.3% (73 units sold, up from 65) |
The Real Estate industry is a key economic driver in British Columbia. In 2004, dollar volume sales of homes in Greater Vancouver set a new record at more than $13.8 billion. Based on this figure, Greater Vancouver home sales in 2004 generated over $1 billion in related sales. |