Home sales slip back

Wednesday, August 18th, 2004


VANCOUVER — Home sales dropped across B.C. in July compared with the same month a year earlier, the first such fall since January. With 11 of the province’s 12 real estate boards reporting, the B.C. Real Estate Association recorded 8,106 home sales worth $2.33 billion last month, representing a 16-per-cent drop in units sold and a 6.8-per-cent decrease in dollar volume over July 2003. “Sales have moderated somewhat in areas that have had many months of record-breaking sales activity. Other areas, like northern B.C., are seeing continual growth after years of decline,” said BCREA president Gordon Maroney. “More homes sold in the first seven months of this year than in all of 2000.”

© The Vancouver Sun 2004

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