Vancouver home sales surge in October amid lower borrowing costs
Greater Vancouver Realtors says home sales in the region jumped 31.9 per cent in October compared with the same month last year, marking potential early signs of a long-awaited rebound after the Bank of Canada's four consecutive cuts to its key interest rate.
The real estate board says there were 2,632 sales of existing residential homes last month, which is just 5.5 per cent below the 10-year average after months of tracking approximately twenty per cent below those trends.
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