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August ended with 40 per cent fewer sales than the same month a year ago, and 6.3 per cent fewer than in July.

Sales have dropped as high interest rates and soaring inflation push new buyers out of the market.

Rohe Homes, a Vancouver-based start up, unveiled their first model in Sechelt

2,681 new homes were started through the first seven months of this year in Greater Victoria, ahead of last year’s pace when 2,500 new units were started

Vancouver suburbs leading decline in home sale prices, report shows, as market soon poised for negative year-over-year price adjustment

Last month, the total number of home sales in Greater Victoria dropped to 510 from 835 in July last year.

Some markets cooled after the boom during the COVID-19 pandemic, but overall, prices have remained elevated since the start of the year.

In Vancouver, fees and charges accounts for 20 per cent of the price of a new condo apartment, new federal study says

The program, which applies to both resale and new homes, will be the first in sa¹ú¼Ê´«Ã½.

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