Real Estate Board of Greater Vancouver (REBGV) reports that last month's residential property sales decreased 0.9% compared to October 2016 sales and 7.6% below the 10-year sales average for the month.
According to REBGV President, demand relative to supply for detached homes is lower right now than demand for townhomes and apartments. This is causing prices to remain stable for townhomes and apartments, while detached homes are seeing modest month-over-month declines.
For more in-depth information on December's market, please click below:
Greater Vancouver: REBGV November 2016 Stats Package
Fraser Valley: FVREB November 2016 Stats Package