Vancouver home sales down 46% from last year, 13% from September: board
The Real Estate Board of Greater Vancouver says home sales continued to plunge in October, falling 45.5 per cent from the year before and 12.8 per cent from September.The board attributed the slowdown’s continuation to inflation and rising interest rates, which have led many buyers and sellers to reassess purchasing or listing a home.
The composite benchmark price for Metro Vancouver sat at $1,148,900, up 2.1 per cent from October 2021, but down 0.6 per cent from September and 9.2 per cent over the last six months.
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