Vancouver home sales slowed in January from record-setting pace last year, real estate board says

The Real Estate Board of Greater Vancouver says January home sales slowed from a record-setting pace last year as the number of properties available dropped.

The benchmark price for all residential properties in the region reached more than $1.2-million last month, up 18.5 per cent from last January and two per cent from December. “Our listing inventory on MLS is less than half of what would be optimal to begin the year. As a result, hopeful homebuyers have limited choice in the market today,” he said, in a statement.

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