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The number of residential property sales hit a 10-year low in Greater Vancouver
for June, while prices remained relatively stable.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached,
attached and apartment properties reached 2,362 in June, a 27.6 per cent decline compared to the 3,262 sales in
June 2011 and a 17.2 per cent decline compared to the 2,853 sales in May 2012.
June sales were the lowest total for the month in the region since 2000 and 32.2 per cent below the 10-year June
sales average of 3,484.
“Overall conditions have trended in favour of buyers in our marketplace in recent months,” Eugen Klein,
REBGV president said. “This means buyers are facing less competition
The number of residential property sales hit a 10-year low in Greater Vancouverfor June, while prices remained relatively stable.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached,attached and apartment properties reached 2,362 in June, a 27.6 per cent decline compared to the 3,262 sales inJune 2011 and a 17.2 per cent decline compared to the 2,853 sales in May 2012.June sales were the lowest total for the month in the region since 2000 and 32.2 per cent below the 10-year June sales average of 3,484.