Vancouver-area home sales fall as market conditions more balanced in February, real estate board says

Home sales declined in the Vancouver area last month, as the city’s real estate board says market conditions were in balanced territory amid a moderate increase in new listings.

Greater Vancouver home sales totalled 1,827 in February, down 11.7 per cent on a year-over-year basis and 28.9 per cent below the 10-year seasonal average for the month.

There were 5,057 newly listed properties on the market, a 10.9 per cent increase from February 2024, which followed a more dramatic growth of over 46 per cent the previous month.