Vancouver home sales fall 10% in June but board believes momentum could be building

Vancouver-area home sales fell 9.8% in June to 2,181, a smaller decline than previous months, suggesting potential recovery. New listings rose 10.3%, and active listings increased 23.8%, well above average. Mortgage rates have dropped about 2% since last summer, improving buyer conditions. Prices remain stable, with the benchmark at $1,173,100, down 2.8% year-over-year. Apartment sales saw the largest drop, while attached homes increased slightly.