Vancouver Home Sales Fall To Lowest In April Since 2001, Real Estate Board Says

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VANCOUVER
Existing home sales in Canada’s most expensive city dropped last month, according to the Real Estate Board of Greater Vancouver. The board described home sale and listing activity as maintaining a “consistent pace” leading to balanced market conditions but its April statistic shows total sales across the Multiple Listing Service in April were 2,799, a 12.3% decline from a year ago. It also represented a 2.6% decline from March 2012. (AFP/Getty Images) | AFP/Getty Images

Existing home sales in Canada’s most expensive city dropped last month, according to the Real Estate Board of Greater Vancouver. The board described home sale and listing activity as maintaining a “consistent pace” leading to balanced market conditions but its April statistic shows total sales across the Multiple Listing Service in April were 2,799, a 12.3% decline from a year ago. It also represented a 2.6% decline from March 2012.

Read the whole story at Financial Post