Metro Vancouver new homes selling prices drop in August: StatsCan

Thu, Oct 13, 2011

Vancouver Real Estate

The selling price of new homes dropped by 0.4 per cent in Metro Vancouver in August, compared to July, and confusion over the HST may be a contributing factor – especially for pre-sales. The monthly new housing price index released by Statistics Canada Wednesday concluded that Vancouver experienced the most significant monthly price decline, month over month, as builders recorded lower negotiated selling prices and relied more on promotional pricing to generate sales.

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