26% slump in Vancouver real estate sales called a return to 'historically normal' levels
Despite dropping sales, prices are still creeping up, according to the August statistics
- Number of home sales fall in Metro Vancouver after tax
- 5,000 jobs gone in four months, Vancouver builders say
Foreign buyers taxed
Prices still creeping up
Digging into the details
- Sales of detached properties in August reached 715, a big drop 44.6 per cent from the 1,290 detached sales in August 2015.
- The benchmark price for detached properties rose 35.8 per cent from August 2015 to $1,577,300, representing a 4.2 per cent increase over the last three months.
- Sales of apartment properties hit 1,343 in August, a 10.1 per cent decline compared to the 1,494 in August 2015.
- The benchmark price of an apartment property increased 26.9 per cent from August last year to $514,300, representing a 6.1 per cent increase over the last three months.
- Attached property sales in August totaled 431, a drop of 25.4 per cent compared to the 578 in August 2015.
- The benchmark price of an attached home increased 31.1 per cent from August 2015 to $677,600, a 7.1 per cent increase over the last three months.