National Post: "Metro Vancouver Home Sales Jump!"

"Sales acitivity is now closer to the pre-recession peak than it is to the recent low point reached last January."

"Strengthening consumer confidence, low interest rates, and improved affordability are drawung buyers to the housing markets across Canada."

Sales are up 43% from January while new construction and listings are down 50%. This means the market is stabilizing nicely and new listings, when priced well, are selling fast with multiple offers.

Last night I was involved in a 26 offer bidding war for a $415,000 apartment at 670 W6th. It sold for $495,000!

Also, the National Post reports that according to RBC the worst of the recession has likely past and 2.9% growth is predicted in BC for next year!