04-06-2018 18:59 via huffingtonpost.ca

Vancouver Real Estate: Single-Family Homes On Verge Of Price Correction, Realty Board Warns

VANCOUVER — Home sales across Metro Vancouver tumbled last month, when compared with May 2017, and the Real Estate Board of Greater Vancouver says that raises the potential of lower prices for some types of homes.The board says 2,833 properties sold in its region in May, a 35.1 per cent plunge from sales recorded in the same time last year, although May's sales were up nearly 10 per cent over transactions in April.A news release from the real estate board says sales in May were 19.3 per ce
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