Vancouver Real Estate Sales Down 40% Since March Peak

July sales slowed to the lowest amount seen in 6 months, and are down 40% since March. The bigger story is that new listings were the lowest for the month in 20 years, leaving total inventory down 19% from last year, and keeping real estate favouring sellers. Canadian inventory is at a 20 year low and BC has less than half the homes available for sale than just 6 years ago. Mortgage credit is ramping up where June saw the highest amount of mortgage applications applied for in Cana...