Sales of single family homes dropped by half last month across several parts of Metro Vancouver, but it's too early to call a long-term cooling trend, says one industry expert. These numbers compare July 2016, sales and sales in August, 2016. According to the data, on the West Side of Vancouver 57 homes sold by August 30, compared with 108 in July. The median price of detached homes sold in the desirable neighbourhood also fell from $3.52 million to $3.42 million. Condo, townhome sales not slowingWhile the preliminary figures show the number of single family homes sold has dropped, the effect on sales of condos and townhomes was less dramatic.

Source: CBC News September 01, 2016 14:35 UTC