The number of homes sold in Greater Vancouver in January 2009 was the lowest for that month since the early 1980s.
According to a media release from the Real Estate Board of Greater Vancouver, sales of detached, attached, and apartment properties together declined 58.1 percent compared to January 2008.
The release states that compared to January 2008, sales of detached properties have declined 54.4 percent, sales of attached properties have dropped 65.7 percent, and apartment property sales are down 58 percent.
The Sunshine Coast saw the greatest drop in benchmark price for a detached property; South Delta experienced the greatest drop for an attached property; and West Vancouver saw the greatest decline in benchmark prices for apartments.
