National

Home sales in Metro Vancouver fell nearly 20%

Darpan News Desk The Canadian Press, 04 Jun, 2024 11:52 AM

The number of homes changing hands in Metro Vancouver last month fell nearly 20 per cent from the same time last year, though new properties were coming online.

Greater Vancouver Realtors says it recorded just over 27-hundred sales last month, down from 34-hundred sales recorded in May 2023.

At the same time, the real estate board says the number of Metro Vancouver homes listed for sale rose 46.3 per cent year-over-year to 13-thousand-600, which is nearly one-fifth higher than the 10-year seasonal average.

Andrew Lis, the board's director of economics and data analytics, says it's a "surprise" that sales came in softer than usual, but he chalks it up to factors ranging from higher borrowing costs to worries about the economy.

Prev Next

MORE National ARTICLES

Break & Enter at a Surrey jewelry store

Surrey R-C-M-P say a sophisticated break and enter at a jewelry store has led to a Canada-wide warrant for one suspect. Mounties say the break-in on March 31st happened over several hours through a "sophisticated series of events using tools and other entry devices."

Break & Enter at a Surrey jewelry store

B.C. serial killer Robert Pickton dead after prison assault in Quebec

Robert Pickton, one of Canada's most notorious serial killers, died on Friday, 12 days after he was assaulted in prison. Pickton, an inmate at Port-Cartier Institution in Quebec, was 74.

B.C. serial killer Robert Pickton dead after prison assault in Quebec

Arson attack on Vancouver synagogue

BC politicians are condemning the arson attack on a Vancouver synagogue last night. Premier David Eby says in a statement posted on social media that the incident at Vancouver's Schara Tzedeck synagogue was a disgusting and reprehensible act of antisemitism that has no place in the province.

Arson attack on Vancouver synagogue

Forecasters warn B.C. of hot summer, as province offers more free air conditioners

British Columbia's government is tripling a program that offers free air conditioners to people with low incomes as forecasters say the province should prepare for hotter-than-normal temperatures in June. Minister of Energy Josie Osborne told a news briefing that the program, launched last year and managed by the Crown power utility, BC Hydro, had already handed out 6,000 air conditioners and the government was prepared to fund another 19,000 or so.

Forecasters warn B.C. of hot summer, as province offers more free air conditioners

Teenager sexually assaulted in Vancouver

Vancouver Police say a man has been charged after he allegedly sexually assaulted a teenager on a bus in the Mount Pleasant neighbourhood. They say the investigation began two weeks ago when the 15-year-old girl was groped on a bus near the intersections of Broadway and Quebec streets.

Teenager sexually assaulted in Vancouver

Unifor alleges Amazon ramped up hiring at B.C. warehouse ahead of union vote

Unifor has filed an unfair labour practice complaint against Amazon amid a vote by workers at a Delta, B.C., warehouse over whether they want to join the union. The union claims Amazon beefed up its workforce as Unifor was in the midst of a union drive to try and weaken support.