Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver totalled 3,226 in July 2016 - a decline of 18.9% compared to the 3,978 sales in July 2015.
“After several months of record-breaking sales activity, home buyer demand returned to more historically normal levels in July,” Dan Morrison, REBGV president said. Last month’s sales were 6.5 per cent above the 10-year sales average for the month. “Home sale activity showed some moderating signs in late June and this carried into July,” Morrison said. “We’ll wait and watch over the next few months to see if this marks the return of more normal market trends.”
For more in-depth information on July's market, please click below.
Greater Vancouver: REBGV July 2016 Stats Package
Fraser Valley: FVREB July Stats Package