Vancouver Real Estate Market Update For July 2023

In July 2023, the Vancouver real estate market underwent significant changes, presenting a complex landscape for buyers and sellers. The month saw 2,455 properties sold, marking an impressive 29% increase from the previous year. However, this apparent surge in sales volume masked an underlying trend of consecutive declines in summer months, suggesting a slowdown in overall market activity. In fact, the number of sales was found to be 15.6% below the 10-year seasonal average of 2,909, signalin...