Vancouver real estate market heating up

Quarterly sales increases of 11 per cent in Toronto and 19 per cent in Calgary were topped by a 34-per-cent jump in Vancouver.

It's the biggest year-over-year increase since early 2002, the association said.

Prices and demand are also on the way up in some sectors of the Vancouver market.

One home up for re-sale on the city's east side tells the story.

The home — on Prince Edward Street near East 21st Avenue — isn't officially showing until this weekend, but is already generating strong buyer interest.

It will list for $1.27 million, but three buyers have already offered to pay full-price without having stepped inside the building.