monthly report released on March 2, February sales stood 33 per cent below the 10-year average with a total of 1,808 residential properties sold in the region — a 47.2 per cent decrease from the 3,424 sales in February 2022, but up 76.9 per cent from the 1,022 homes sold in January.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“It’s hard to sell what you don’t have, and with new listing activity remaining among the lowest in recent history, sales are struggling to hit typical levels for this point in the year,” REBGV’s director of economics and data analytics, Andrew Lis, said in the report.