Home Buyers and Sellers Enter the Housing Market At Near Record Pace in March

Vancouver, BC - April 4th, 2011 - Activity in the Greater Vancouver housing market continued to increase in March with both the number of homes sold and added to the region's MLS service reaching near record levels. Property sales of detached, attached and apartment properties within the GVRD reached 4,080 in March 2011 and represents a 31.7% increase over the previous year during the same period. Interest rates by the TD bank are expected to increase tomorrow and other lenders are expected to follow.