The Vancouver real estate market has trended below historical averages for a full year now. Last month’s sales were the second lowest February total in the region since 2001, and the figures were 30.9 per cent below the ten-year sales average for the month.

Eugen Klein, Real Estate Board of Greater Vancouver (REBGV) president, confirms:

Sales in February followed recent trends and were below seasonal averages, though our members tell us they saw more traffic at open houses last month compared to the previous six to eight months.

(Vancouver Home Sales Drop in February continued...)