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Home sales dipped last month when compared with June's figures: REBGV

BY , Aug 5, 2021 12:27 AM - REPORT AN ERROR

The Real Estate Board of Greater Vancouver says home sales dipped last month when compared with June's figures, but sales are still stronger than they were during the depths of the pandemic last year.

The board says just over 33-hundred homes changed hands last month, a skid of more than 11 per cent since June, but up 6.3 per cent compared with July 2020.

The board also says there are nine per cent fewer homes on the market since June and almost 20 per cent fewer when compared with last July.

Despite that, economist Keith Stewart says prices haven't changed much since June and are up about 14 per cent since last July, a sign he says shows price growth has levelled off in most areas and for home types.

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