January home sales remain sluggish
January home sales remain below historical averages in Great Vancouver. "The Real Estate Board of Greater Vancouver reports that residential property sales in Great Vancouver reached 1,351 on the MLS in January 2013. This represents a 14.3 per cent decrease compared to the 1,577 sales recorded in January 2012....."
Home prices are down about 6 per cent from the peak reached in May 2012.
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