Vancouver home sales slowest since 2001

Home sales in the greater Vancouver market were down 6.1 percent in April from a year ago, and off 20.9 percent from the 10-year sales average for the month. The 2,627 homes sold represented the lowest for April since 2001. Ron Todson, president of the Real Estate Board of Greater Vancouver, blamed the slump on tighter credit rules and “the government’s spotlight on consumer debt” which he said has made “some consumers more cautious about buying or selling a property.” Source: rebgv.org.