[whatnext]

Originally Posted by Changing City

Meanwhile, in the real world sales in May 2019 were down 6.9 per cent from May 2018.

REBGV say "Last month’s sales were 22.9 per cent below the 10-year May sales average and was the lowest total for the month since 2000."

"The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 14,685, a 30 per cent increase compared to May 2018".

And prices are still falling - year over year and from last month.

"The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $1,006,400. This represents an 8.9 per cent decrease over May 2018, a 3.4 per cent decrease over the past six months, and a 0.4 per cent decrease compared to April 2019."

B-b-but wait, sales were up 44%! Sure it was just over April (which was dismal) and sales in May are always up over April, but it's something right....?