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In Vancouver, housing sales tumble to 10-year low : Benchmark price has fallen for eight consecutive months as stricter mortgage rules and B.C. taxes on real estate slow demand

Feb 05, 2019 - The Globe and Mail (Canada)

Call it Exhibit A for the state of Vancouver's slumping market for detached houses.

In a gauge for rundown properties, a buyer paid $1,980,000 last month for a three-bedroom teardown in the city's Point Grey neighbourhood, nearly three years after the seller bought it for $2,880,000.

The listing took 14 months to sell, underscoring the sluggish sales activity across the region.

Housing sales have tumbled to a 10-year low in Greater Vancouver as a market once fuelled by bidding ...