The Vancouver housing market experienced strong sales and an increase in new listings in November. Despite being lower than the seasonal average, sales rose by 4.7% compared to the previous year. The market saw a 9.8% increase in new listings, providing prospective buyers with a wide selection. The composite benchmark home price also increased by 4.9% annually. The market conditions are considered favorable for buyers, with prices stabilizing and expected mortgage rate decreases in 2024.
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