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    • Vancouver home sales down 40% from last year, nearly 1% since July

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    Sales of detached homes experience the most dramatic year-over-year drop at 45 per cent

    A real estate sign is pictured in Vancouver. Home sales in the city may have plummeted 40 per cent in August from a year ago but the composite benchmark price reached more than $1.1 million, a seven per cent increase over August 2021.
    A real estate sign is pictured in Vancouver. Home sales in the city may have plummeted 40 per cent in August from a year ago but the composite benchmark price reached more than $1.1 million, a seven per cent increase over August 2021. Photo by JONATHAN HAYWARD /THE CANADIAN PRESS

    VANCOUVER — The Real Estate Board of Greater Vancouver says last month’s home sales plunged roughly 40 per cent since August 2021, but were almost unchanged from this past July.

    The board says sales for the month amounted to 3,152 and came amid a quieter summer season marked by reduced buying and listing activity.

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