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
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 ...