VANCOUVER — 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...
VANCOUVER — 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.
Andrew Lis, the board's director of economics and data analytics, called it a "surprise" that May sales came in softer than usual."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 composite benchmark home price was $1,212,000, up 2.3 per cent from a year ago and a 0.5 per cent increase from April, the real estate board reported.
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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 properties continued to hit the market.
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