Home sales in the Greater Vancouver area are starting to return to more typical levels after dipping to four-decade lows in April, while prices continue to edge up from 2019. The Real Estate Board of Greater Vancouver says residential sales last month reached 2,443, a 64.5 per cent jump from May and a 17.6 per cent year-over-year increase. Prices have held steady over the last few months, with the composite benchmark index price at $1.03 million in June. The figure marks a 0.3 per cent dip compared to May but a 3.5 per cent boost from June 2019. In April, home sales in the Greater Vancouver area hit their lowest levels in nearly 40 years due to fallout from COVID-19, and experts said price declines could be expected to follow eventually.

Source: CBC News July 03, 2020 21:00 UTC