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Vancouver home sales rise in January as demand outpaces newly listed properties

It was still 20.2 per cent below the 10-year seasonal average of 1,788 for the month
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The Real Estate Board of Greater Vancouver says home sales got off to a strong start in the first month of 2024 but the pace of newly listed properties did not keep up with demand. In a photo taken by a drone, Vancouver homes in the Kitsilano neighbourhood of Vancouver are pictured Monday, October 3, 2022.THE CANADIAN PRESS/Jonathan Hayward

The Real Estate Board of Greater Vancouversays home sales got off to a strong start in the first month of 2024 but the pace of newly listed properties did not keep up with demand.

The board says January home sales totalled 1,427, a 38.5 per cent increase from the same month last year, though it was still 20.2 per cent below the 10-year seasonal average of 1,788 for the month.

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