Vancouver Condos: Stable Amid Small Dip

1,158 apartment units sold in July, down from 1,192 last year.
Benchmark apartment price: $743,700, ↓ 3.2% YoY and 0.6% MoM.
Overall residential sales: 2,286, ↓ 2% YoY, 13.9% below 10-year avg.
Inventory stable at ~17,000 listings; prices expected to trend sideways short term.
Bank of Canada rate hold may support sales amid economic uncertainty.
1,158 apartment units sold in July, down from 1,192 last year.
Benchmark apartment price: $743,700, ↓ 3.2% YoY and 0.6% MoM.
Overall residential sales: 2,286, ↓ 2% YoY, 13.9% below 10-year avg.
Inventory stable at ~17,000 listings; prices expected to trend sideways short term.
Bank of Canada rate hold may support sales amid economic uncertainty.