Number of Metro Vancouver homes listed for sale rose 46.3 per cent year-over-year
Greater Vancouver’s real estate board says the number of homes that changed hands in May fell 19.9 per cent from the previous year as more new properties continued to hit the market.
That came as the number of Metro Vancouver homes listed for sale rose 46.3 per cent year-over-year to 13,600, which is nearly one-fifth higher than the 10-year seasonal average. In May, there were 6,374 detached, attached and apartment properties newly available — a 12.6 per cent increase compared with May 2023.
“It’s a natural inclination to chalk these trends up to one factor or another, but what we’re seeing is a culmination of factors influencing buyer and seller decisions in the market right now,” he said in a press release. The latest data comes a day before the Bank of Canada is set to announce its latest policy interest rate decision. With some economists forecasting a rate cut, it could spur more potential homebuyers currently waiting on the sidelines to enter the market.
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Vancouver home sales fall nearly 20 per cent in May as inventory continues to climbVANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in May fell 19.9 per cent from the previous year as more new...
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