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.
Categories
Recent Posts
Despite rise in Vancouver rental vacancies, affordability is still a distant dream
East Vancouver condo with a mountain view fetches near-asking price
More Canadians missing their mortgage payments, the Home of the Week and more top real estate stories
A Victorian home for two in Toronto’s Cabbagetown
Timing helps Vaughan home pull within $30,000 of desired price
Cemeteries swallowed by the city
Hoping to cash out, a wave of retiring cottage owners face a buyer’s market
Toronto-area subdivisions flooded by single-family home rentals
Liberty Village penthouse with a prudent price tag sells amid stiff competition
‘Every deal has a story’ in Toronto real estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "