Vancouver home sales slide nearly 26% last month, condo and townhouse demand rise
VANCOUVER — The Real Estate Board of Greater Vancouver says the number of home sales slid last month by nearly 26 per cent year-over-year while prices continued to climb.
Residential property sales in Metro Vancouver totalled 3,553 last month, a 25.7 per cent decline compared to a year ago.
Sales of detached homes fell 38.8 per cent from April 2016, while the composite benchmark price for those properties rose 8.1 per cent in that time, reaching $1,516,500.
The composite benchmark price for all homes was $941,100, 11.4 per cent higher than April 2016.