Vancouver Home Sales Down 30%, Still The Second Best June Ever

Jeff Evans

In this article on the Globe and Mail today, they talk compare sales from this past June with the June of 2009, and that sales are down about 30% from last June. They correctly attribute the slower market (in my opinion) to the mortgage lending rule changes that were made in April. The market saw an increase in sales prior to the mortgage changes, and has seen a decrease in sales since the changes have been made.

The interesting part in the article is thatRead More