Real Estate Board of Greater Vancouver (REBGV) reports that last month's residential property sales decreased 0.3% compared to April sales.
REBGV's President said, "Home sellers are becoming more active in recent months, although that activity is being outpaced by home buyer demand today. Economic and job growth in Metro Vancouver is out performing most regions in the country. This is helping to underpin today's activity."
For more in-depth information on May's market, please click:
Greater Vancouver: REBGV May 2016 Stats Package
Fraser Valley: FVREB May 2016 Stats Package