Vancouver home sales rise slightly as borrowing eases

Metro Vancouver's housing market saw a slight increase in September with 1,875 sales, up 1.2% from last year but still 20.1% below the 10-year average. The benchmark price dropped 3.2% year-over-year to $1.14 million. New listings rose 6.2%, pushing total inventory 14.4% higher than last year and 36.1% above the long-term average. Low sales-to-listings ratio suggests downward price pressure, while easing rates and high inventory offer buying opportunities.