Sales in Canada’s most expensive housing market continue to plummet with the Greater Vancouver area hitting a 10-year low in June for activity.
The Real Estate Board of Greater Vancouver said there were 2,362 property sales in June, a 27.6% drop from a year earlier and a 17.2% decline from just May.
Vancouver real estate—especially condominiums—is very much driven by sales of second homes to wealthy Chinese seeking emergency escape refuges.
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