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Home sales fell in Vancouver in August

Darpan News Desk The Canadian Press, 04 Sep, 2024 04:09 PM

Home sales in Greater Vancouver fell 17.1 per cent in August from the same period last year, according to the latest statistics.

Greater Vancouver Realtors says there were a total of 19-hundred-and-four homes sold in the region last month, down from almost 23-hundred last year.

The sales number was also more than a quarter below the 10-year seasonal average for the Greater Vancouver market.

Greater Vancouver Realtors' data analytics director Andrew Lis says the numbers indicate buyers may still be hampered by higher borrowing costs despite the Bank of Canada cutting its key interest rate.

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