Eric Luo Personal Real Estate Corporation

Global

Vancouver's Summer Market Stalled: Sales Down 20%, Prices Slip 6% as Buyers Stay on the Sidelines

August MLS® sales in Metro Vancouver fell 4.6% year-over-year to 1,869 transactions, 20.7% below the 10-year average, as the composite benchmark price dropped 5.6% to $1.08 million. GVR's chief economist cites immigration slowdown, reduced investor demand, and mortgage rates that remain too high to spark buying activity.