Vancouver Apartment-Condo Sales Fall 2.9%
Connect CRE
AI Article Summary
Apartment-condo sales in Metro Vancouver decreased by 2.9% in July compared to the previous year, with 1,158 units sold. The overall residential sales also declined by 2% year-over-year. The benchmark price for an apartment dropped to $743,700, showing a 3.2% decrease from the prior year. Although housing inventory remains stable, a potential acceleration in sales activity might shift the market conditions in favor of sellers.
