Vancouver home sales plunge; price fall predicted

VANCOUVER — Home prices in Metro Vancouver’s once-surging real estate market are on the cusp of falling, housing experts say, as new figures show another month of plunging home sales in the region.

The Real Estate Board of Greater Vancouver published a report on Tuesday revealing a 32.6 per cent drop in September home sales compared with the same month last year. That follows a 26 per cent year-over-year decline in August and a dip of about 19 per cent the previous month.

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