Skip to main content
Welcome to
super saver spring
offer ends april 20
save over $140
save over 85%
$0.99
per week for 24 weeks
Welcome to
super saver spring
$0.99
per week
for 24 weeks
// //

A home that recently sold for more than $1-million below asking price is pictured with a sold sign in Vancouver.

DARRYL DYCK/The Globe and Mail

Housing sales in Greater Vancouver fell 29 per cent last month as sellers held out for improved bids and prospective buyers bided their time.

There were 1,797 transactions last month for single-family detached homes, condos and townhouses, compared with 2,545 in February of 2012.

The benchmark price for resale properties was $590,400 last month, down 3.3 per cent from a year earlier, according to the Real Estate Board of Greater Vancouver.

Story continues below advertisement

"Sales in February followed recent trends and were below seasonal averages, though our members tell us they saw more traffic at open houses last month, compared to the previous six to eight months," board president Eugen Klein said in a statement Monday.

In the B.C. Fraser Valley, there were 913 properties that sold last month, down 28 per cent from 1,269 in February of 2012.

The Fraser Valley's benchmark price for single-family detached homes, condos and townhouses was $422,700 last month, up 0.4 per cent from a year earlier.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies