September housing numbers up in Metro Vancouver

VANCOUVER (NEWS1130) - There was a slight increase in home sales in Metro Vancouver last month.

September saw a 0.8 per cent spike over August, but that's still down almost 40 per cent from September, 2009.

Real Estate Board of Greater Vancouver President Jake Moldowan says the market has been holding steady, and the amount of time houses are on the market has dropped. "Activity is pretty stable, prices remain pretty stable here. One of the things that's quite interesting is our days on the market are down for the first time in 6 months.

He says they've also seen a spike in foreign investment. "We jumped to about 2.6 per cent in July, in August we jumped to about 4 per cent and in September we're now over 6 per cent."

He says September's numbers are consistent with July and August.