Demand for New Presale Offerings on Transit Lines Leads to Higher Fourth Quarter Sales Projections

Colliers’ report on new multifamily home sales in Metropolitan Vancouver states that during the Third Quarter of 2012, 1,899 new multi-family home sales were recorded. This figure represents a decline in sales volume of 15 percent over the same quarter in 2011. “This is the second consecutive quarter in which sales volumes have decreased. However, despite all the crash talk, the sales volume posted this quarter and year to date is evidence of sustained demand for new multi-family homes in the Metropolitan Vancouver market,” commented Scott Brown, Senior Vice President, Colliers Residential group.

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