Greater Vancouver home sales trend toward buyers’ market
VANCOUVER, B.C. - September 2, 2011 - August marked the third consecutive month that home sale activity
in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region
has exceeded the 10-year norm every month since the beginning of the year.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached
and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,378 in August. This
total represents an eight per cent increase compared to the 2,202 sales in August 2010, but also ranks as the third
lowest total for August in the last 10 years.