Vancouver residential real estate plunges | British Columbia
Greater Vancouver’s real estate market slowed down significantly over
the summer, with home sales down 30 per cent from the same time last
year, according to the Real Estate Board of Greater Vancouver.
Sales in August also decreased by 21.4 per cent from July, the board said on Wednesday.
The biggest drop in sales came from detached properties.
Listings for residential properties increased nearly 14 per cent from
last year, but August sales were the second lowest for the month in the
region since 1998, said REBGV president Eugen Klein.
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