Tuesday, January 31, 2023
ADVT 
National

Van home sales fell 53% from year ago: board

Darpan News Desk The Canadian Press, 02 Dec, 2022 04:26 PM
  • Van home sales fell 53% from year ago: board

VANCOUVER - The Real Estate Board of Greater Vancouver says the typically slow conditions it sees in November were even more sluggish last month as home sales dropped 53 per cent from a year ago and 15 per cent from October.

The B.C. board says sales in the region totalled 1,614 last month and were 36.9 per cent below the 10-year November sales average.

The board warned such conditions could persist as inflation remains stubbornly high and further interest rates are expected, encouraging people to forego home purchases over the holidays.

Those that were in search of properties last month found only 3,055 new listings, a 22.9 per cent fall from November 2021 and a 24.2 per cent drop from October 2022.

The composite benchmark price in the region sat at $1,131,600 last month, a less than one per cent decrease from November 2021 and a 1.5 per cent drop from October 2022.

The number also amounts to a 10.2 per cent decrease over the last six months.

MORE National ARTICLES

Darpan's 10 with Surrey Mayor Brenda Locke

Darpan's 10 with Surrey Mayor Brenda Locke

Surrey’s South Asian community is an integral part of the fabric of Surrey and I invite all to be a part of this pivotal moment in time. Great things are set for this city and every Surrey resident can play a role in shaping our city.  As we go forward, there will be a City Council that is transparent, accountable, and ethical to serve all our residents.

Darpan's 10 with Surrey Mayor Brenda Locke

Science will help solve overdose crisis: Trudeau

Science will help solve overdose crisis: Trudeau

Their meeting came just a few days after B.C.'s coroner released the overdose death toll for October of 179 people, saying the illicit drug supply has created an environment where everyone who uses substances is at risk.

Science will help solve overdose crisis: Trudeau

Toronto driver arrested for death of Indian student, Kartik Saini

Toronto driver arrested for death of Indian student, Kartik Saini

20 year old Kartik Saini was killed when his cycle was hit by a pick-up truck and dragged at the intersection of Yonge Street and St. Clair Avenue in midtown Toronto. The driver was charged on Thursday with careless driving and violating traffic signs. 

Toronto driver arrested for death of Indian student, Kartik Saini

Frigid conditions persist over much of B.C.

Frigid conditions persist over much of B.C.

A dusting of snow, no more than five centimetres, is expected in Fraser Valley, Howe Sound, Sunshine Coast, southern Gulf Islands and Metro Vancouver., potentially creating challenges for the afternoon commute, but Environment Canada predicts "significantly less" impact than Tuesday night's storm.

Frigid conditions persist over much of B.C.

Telus program accused of extra-billing in B.C.

Telus program accused of extra-billing in B.C.

The LifePlus program charges clients an annual fee of $4,650 in the first year and $3,650 in subsequent years, promising 24-7 physician care as well as services like dietitians and chiropractors.

Telus program accused of extra-billing in B.C.

41 charges laid in B.C. anti-gang investigation

41 charges laid in B.C. anti-gang investigation

In the course of the probe, they say they confiscated 22 firearms and more than 13 kilograms of illegal drugs, while also making several arrests. Police say on Wednesday, the Public Prosecution Service of Canada approved 41 charges against four men. 

41 charges laid in B.C. anti-gang investigation

PrevNext