#VancouverHomeSales; #BritishColumbia, #Canada
Vancouver, July 3 (Xinhua): The residential home sales in Greater Vancouver Area fell to a 19-year low in June and the benchmark residential price dropped below 1 million Canadian dollars (about 760,300 U.S. dollars), according to the Real Estate Board of Greater Vancouver on Wednesday.
The residential home sales in the region totalled 2,077 in June, 14.4 percent decrease from the 2,425 sales recorded in June 2018.
Last month's sales were 34.7 percent below the 10-year June sales average. This is the lowest total for the month since 2000.
The benchmark residential price, an industry representation of the typical home sold in the area, slipped to 998,700 Canadian dollars in June. This represents a 9.6-percent decrease over June 2018 and a 0.8-percent decrease compared to May 2019.