Vancouver Home Sales Hit Lowest March Levels Since 2019 Despite Supply Influx: Board

Construction workers are seen outside a Concert Properties condo development under construction, in North Vancouver, B.C., on July 25, 2024. The Canadian Press/Darryl Dyck

Despite housing supply in the Vancouver area continuing to rise, the number of homes that changed hands in the region last month fell to the lowest levels for March since 2019.

The city’s real estate board says residential sales in the region totalled 2,091 in March, a 13.4 percent decrease from the 2,415 sales recorded in March 2024 and 36.8 percent below the 10-year seasonal average.