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Greater Vancouver housing sales on course for record-breaking year!

 The Real Estate Board of Greater Vancouver reports that year-to-date sales surpass the record-setting pace set in 2003, with 38,198 units sold so far this year. This represents an increase of 10.7% compared to November 2004.

Sales of attached properties were the highest ever recorded for a November, increasing 29.1% to 512 units sold compared to 402 units in November 2004. The benchmark price of an attached unit is $347,935, up 13.8% from November 2004.

Sales of detached properties increased 18.3% per cent to 1,232 sales in November 2005 compared to 1,041 sales in November 2004. The benchmark price of a detached home increased to $566,500 up 19% from a year ago.

Bright spots in Greater Vancouver in November 2005 compared to November 2004:

APARTMENTS:

New Westminster up 22.5% (87 units sold, up from 71)

North Vancouver up 14.3% (80 units sold, up from 70)

Richmond up 20.8% (145 units sold, up from 120)

Vanvcouver West up 24.1% (417 units sold, up from 336)

ATTACHED:

Burnaby up 59.6% (75 units sold, up from 47)

Coquitlam up 54.5% (34 units sold, up from 22)

Richmond up 18.8% (114 units sold, up from 96)

Vancouver West up 32.8% (77 units sold, up from 58)

DETACHED:

Burnaby up 11.6% (106 units sold, up from 95)

Coquitlam up 24.7% (121 units sold, up from 97)

Maple Ridge/Pitt Meadows up 25.5% (133 units sold, up from 106)

New Westminster up 57.1% (33 units sold, up from 21)

Richmond up 13% (139 units sold, up from 123)

Vancouver East up 31.3% (214 units sold, up from 163)

Port Coquitlam up 32.6% (57 units sold, up from 43)

Source: Real Estate Board of Greater Vancouver

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