Vancouver home sales fell 17% in August despite interest rate cuts, real estate board says
Greater Vancouver Realtors says home sales in the region dropped 17.1 per cent in August from a year earlier and were more than a quarter below the 10-year seasonal average.
The real estate body says sales in the market totalled 1,904 last month, down from the 2,296 recorded in August 2023.
The composite benchmark price for all residential properties in Metro Vancouver was $1,195,900, a 0.9 per cent decrease over August 2023 and a 0.1 per cent decrease compared with July.
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