Low supply and snow limit Vancouver-area home sales in February
VANCOUVER — Home sales across Metro Vancouver were down dramatically in February compared with last year’s record-breaking pace, while prices across the region remained more stable.
The Greater Vancouver Real Estate Board says a limited supply of listings and an unusually snowy start to the year affected the market.
It says residential sales totalled 2,425 in February, an almost 42-per-cent plunge from February 2016.
But sales in February were up about 59 per cent from January.