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VANCOUVER, B.C. – August 2, 2012 – Residential property sales in Greater Vancouver remained at a 10-year low in
July, while the number of properties being listed for sale continued to edge down and prices remained relatively stable.
The Real Estate Board of Greater Vancouver (REBGV) reports that there were 2,098 residential property sales of
detached, attached and apartment properties in July. That’s an 18.4 per cent decline compared to the 2,571 sales in
July 2011 and an 11.2 per cent decline compared to the previous month’s 2,362 sales.
July sales were the lowest total for that month in the region since 2000. They were 31.2 per cent below the 10-year
July sales average of 3,051.
“People appear to be cautious about making significant financial decisions right now. While our local economy appears
to be quite robust, there may be some concern about the impact of international markets and the federal government’s
tightening of mortgage regulations,” says Eugen Klein, REBGV president.
New listings for detached, attached and apartment properties in Greater Vancouver totalled
VANCOUVER, B.C. – August 2, 2012 – Residential property sales in Greater Vancouver remained at a 10-year low inJuly, while the number of properties being listed for sale continued to edge down and prices remained relatively stable.The Real Estate Board of Greater Vancouver (REBGV) reports that there were 2,098 residential property sales ofdetached, attached and apartment properties in July. That’s an 18.4 per cent decline compared to the 2,571 sales inJuly 2011 and an 11.2 per cent decline compared to the previous month’s 2,362 sales.July sales were the lowest total for that month in the region since 2000. They were 31.2 per cent below the 10-yearJuly sales average of 3,051.