Home sales in Metro Vancouver last month dropped by almost 40 per cent from the year before with the sale of detached houses falling hardest. The Real Estate Board of Greater Vancouver says the townhome and condominium markets are more active than sales for detached homes. Just over 1,500 residential properties sold in January, down 39.5 per cent from about 2,500 sales that were recorded in January 2016. Sales last month were also down about 11 per cent from December, when about 1,700 homes sold. The benchmark price for detached properties was about $1.5 million in January, down 6.6 per cent over the last six months.

Source: CBC News February 02, 2017 20:26 UTC