Home sales continue to dive in Vancouver, but the region with the highest home prices has yet to see much relief on the pricing side of the equation.
According to the latest report from the Real Estate Board of Greater Vancouver, home sales dropped 15% in November compared to the previous month in the largest city in British Columbia, a plunge of more than 50% on a YOY basis.
The board reported sales of 1,614 homes last month, a level which is nearly 37% below the 10-year November sales average for the market.
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