Vancouver Homebuyers Enjoy More Choices as Sales Ease

Greater Vancouver saw a 9.8% drop in home sales in July compared to last year, with 2,061 sales, 18.6% below the 10-year seasonal average. The composite benchmark price fell 6.2% year-over-year to $1,088,800. New listings decreased 11.5% to 4,991, while total inventory dropped 4% to 16,476, remaining 26.8% above the long-term average.