07/06/2022
"The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,444 in June 2022, a 35 per cent decrease from the 3,762 sales recorded in June 2021, and a 16.2 per cent decrease from the 2,918 homes sold in May 2022."
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"Weโre seeing downward pressure on home prices as we enter summer in Metro Vancouver due to declining home buyer activity, not increased supply [...] To meet Metro Vancouverโs long-term housing demands, we still need to significantly increase housing supply."
- Real Estate Board of Greater Vancouver
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