The Real Estate Board of Greater Vancouver says sales have been trending downward for months and a new foreign buyer tax may have added to this by reducing foreign buyer activity. Photo: Karamysh/Shutterstock

Sales, average detatched-home price slump in Metro Vancouver

16 per cent drop in average price implies more sales of lower-priced homes given that benchmark price was flat

Topic |   Business in Vancouver

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The Real Estate Board of Greater Vancouver says sales have been trending downward for months and a new foreign buyer tax may have added to this by reducing foreign buyer activity. Photo: Karamysh/Shutterstock
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