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Over the past six months, the Greater Vancouver
housing market has seen a reduction in the number of homes listed for sale, a gradual moderation
in home prices and a decrease in property sales compared to historical averages.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of
detached, attached and apartment properties reached 1,686 on the region’s Multiple Listing
Service® (MLS®) in November, a 28.6 per cent decline compared to the 2,360 sales in
November 2011 and a 12.7 per cent decline compared to the 1,931 home sales in October 2012.
Over the past six months, the Greater Vancouverhousing market has seen a reduction in the number of homes listed for sale, a gradual moderationin home prices and a decrease in property sales compared to historical averages.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales ofdetached, attached and apartment properties reached 1,686 on the region’s Multiple ListingService® (MLS®) in November, a 28.6 per cent decline compared to the 2,360 sales inNovember 2011 and a 12.7 per cent decline compared to the 1,931 home sales in October 2012.