VANCOUVER — The Real Estate Board of Greater Vancouver says the region continues to see an increase in newly listed properties, but sales still lag behind long-term trends.
There were 4,664 new listings of detached, attached and apartment properties last month, a 15.4 per cent increase from a year earlier, as new listings were 4.8 per cent above the 10-year seasonal average. Andrew Lis, the board's director of economics and data analytics, says there appears to be a continuation of sellers' renewed interest to participate in the market, but this is being counterbalanced by a lack of demand from buyers amid high borrowing costs.
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