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
Rezoning Vancouver industrial lands will cost jobs and economy, planners say
Updated Kitchener house cuts price by $30,000, lures new offer
After years on and off the market, Kelowna home sells for $2.1-million
BoC rate decision offers little relief for mortgage renewals, the Home of the Week and more top real estate stories
This five-bed loft with a giant skylight is in a historic Cabbagetown South building. Will it sell for $1.4M?
The Liberals are betting prefab homes will help boost supply. But who will want to live in them?
St. Clair West semi beats asking price by $85,100
Scarborough bungalow touts mid-$800,000s price, attracts two offers
Bank of Canada rate decision offers little relief to homeowners facing mortgage renewals
New Calgary towers near Stampede grounds to offer hotel comforts with the benefits of ownership
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "