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Metro Vancouver's real estate market is continuing to cool, with prices and sales dropping from their April highs, according to the latest figures released by the region's real estate board. "Since the spring housing prices have decreased 2.8 per cent compared to the all-time high reached in April when the residential benchmark price was $593,419," according to the August summary released by the Greater Vancouver Real Estate Board on Thursday.
But with an average price of $576,597, housing prices still remain nearly seven per cent higher than August 2009, says the board. The number of homes listed for sale and the number of homes sold also declined in August, said the board.
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Source: CBC
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