October 2, 2018 11:15 am
Updated: October 2, 2018 1:22 pm

Housing market continues to cool in Metro Vancouver: Real Estate Board

A real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan. 3, 2017.

THE CANADIAN PRESS/Jonathan Hayward
A A

The Real Estate Board of Greater Vancouver says the supply of homes across Metro Vancouver continued to increase in September, while buyer demand remained below typical levels for this time of year.

READ MORE: Vancouver company offering people way to buy a “piece” of the hot housing market

MORE GLOBAL NEWS COVERAGE:

The number of homes sold fell 17 per cent from August and was down 43.5 per cent from the same month a year ago.

The composite benchmark price of a home was just over $1 million, a three per cent decrease over the past three months but up 2.2 per cent from September of 2017.

“Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market,” theĀ board’s president-elect, Ashley Smith, said.

READ MORE: Rental task force recommends B.C. government change allowable rent increase

© 2018 Global News, a division of Corus Entertainment Inc.

Report an error

Comments

Want to discuss? Please read our Commenting Policy first.