Quote:
Originally Posted by CanSpice
Metro Vancouver home sales return to typical August levels
Basic synopsis:
- detached houses YoY decreased in sales by 45% and increased in benchmark price by 36%
- apartments dropped by 10% in sales and increased 27% in benchmark price from August 2015 to 2016
- attached properties dropped 25% in sales and increased 31% in benchmark price from August 2015 to 2016
- overall sales were 3.5% below the 10-year average for August
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Perhaps typical sales levels, but the ridiculous level of price increases indicate stronger action needs to be taken against those buying homes with offshore incomes.
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