In June, 7,136 residential sales were recorded on the Multiple Listing Service , a decrease of 35.7 per cent compared to last June and a 13 per cent dip compared to the previous month.
Some of the most dramatic sales declines have occurred in Chilliwack, which recorded a 54 per cent drop in June sales compared to the previous year. Sales are slowing down despite an increase in the number of active listings: June saw 16.4 per cent higher active listings across the province compared to June 2021, said the BCREA.
In Greater Vancouver, the average home price is at nearly $1.8 million — a 10.8 per cent increase from June 2021 — while the Fraser Valley’s average price sits at $994,491, an 18 per cent increase.
Yes they are. 50k at a time they are slowly getting back down to reality.