Vancouver suffers its worst July for home sales since 2000

Vancouver suffers its worst July for home sales since 2000

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VANCOUVER realtors haven’t had this lousy a July in almost two decades. Sales were down 30 per cent from a year ago to 2,070 units, the fewest transactions in the month since 2000, according to data released on Thursday by the Real Estate Board of Greater Vancouver.

Vancouver Suffers Its Worst July for Home Sales Since 2000. Vancouver Suffers Its Worst July for Home Sales Since 2000.. (Bloomberg) — Vancouver realtors haven’t had this lousy a July in almost two decades. Bloomberg.

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Freddie Mac rolling out servicing transfer technology for cash sales Very slight increase in mortgage application volume this week After falling to yearly lows, mortgage rates rise: 30-year at 4.41 percent – Mixed messages on the advancements of U.S.-China trade negotiations have resulted in only mild. this week, according to the latest data from the Mortgage Bankers Association. The market composite.Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the federal housing agency provide market liquidity for conventional, FHA, and U.S. Department of veterans affairs (va) mortgages by operating programs to purchase loans and convert them into securities to sell to investors.

Residential housing sales in metro vancouver reached their lowest levels for the month of July since the year 2000, according to the Real Estate Board of Greater Vancouver (REBGV). There were 2,070 residential property sales in July 2018 – a 30.1 per cent decrease from the 2,960 sales recorded in July 2017.

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What happens when prices rise so high that a chasm forms between bids and asks? The market grinds to a halt. That’s what happened in Vancouver housing in July, when according to the Real Estate Board of Vancouver (REBGV), residential property sales tumbled by 14.6% from June 2018, and a whopping 30.1% from one year ago.

Vancouver, B.C., Realtors haven’t had this lousy a July in almost two decades. Sales were down 30 percent from a year ago to 2,070 units, the fewest transactions in the month since 2000.

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Toronto Housing Shows Signs Of Rebound, Even As Vancouver Hits The Skids HuffPost CanadaFull coverage Source: Real Estate News

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