It's getting cheaper to buy a home in the Greater Vancouver area, according to new figures from the Greater Vancouver Real Estate Board.
Sales dropped 53.7 per cent to 1,568 in August 2008, compared with 3,384 in August 2007, the figures show.
New listings for detached, attached and apartment properties declined 1.7 per cent to 4,331 in August 2008 compared with August 2007, when 4,408 new units were listed.
While the benchmark price for detached properties has risen 1.6 per cent since August 2007, prices declined 4.3 per cent from record highs set in May 2008.
