Page 11 - Daniel John News Today

Vancouver prices down 2% while Calgary ekes out 0.6% gain

Vancouvers housing market has, according to the local real estate board, entered a "new cycle marked by quieter home buyer demand."

A forecast from TD Bank that B.C. average home prices will fall by 8.1 per cent by next year appears too optimistic in Metro Vancouver as June sale prices dropped for the third straight month.

The Real Estate Board of Greater Vancouver says last month's home sales dropped by about 35 per cent from the previous June and 16 per cent from May 2022 as houses remained on the market longer, and interest rates rose.

Last month's Greater Vancouver area home sales dropped by about 35 per cent since last June and 16 per cent from May 2022 as houses remained on the market longer and interest rates rose, the region's real estate board said Tuesday.

Last months Greater Vancouver area home sales dropped by about 35 per cent since last June and 16 p...

Last month's Greater Vancouver area home sales dropped by about 35 per cent since last June and 16 per cent from May 2022 as houses remained on the market longer and interest rates rose, the region's real estate board said Tuesday.

The Real Estate Board of Greater Vancouver says last months home sales dropped by about 35 per cent since last June and 16 per cent from May 2022 as houses remained on the market longer and interest rates rose.

Home sales within the jurisdiction of the Real Estate Board of Greater Vancouver (REBGV) returned to more typical seasonal levels in May 2022.

Two big real estate boards in the region report increase in listing, decrease in sales and small drop in benchmark prices