Vancouver Homebuyers Benefit from Lower Prices and More Choices

Vancouver-area home sales dropped 15.4% year-over-year in November, with 1,846 sales recorded, 20.6% below the 10-year average. The composite benchmark price fell 3.9% to $1,123,700. Inventory rose 14.4% to 15,149, 36% above the 10-year average, leading to longer selling times and softer prices. Detached, condo, and townhouse prices declined by 4.3%, 5.2%, and 4.4% respectively.