Home sales in Greater Vancouver saw an 11.7% year-over-year decrease in February, totaling 1,827 sales, which is also 28.9% below the 10-year average. New listings increased by 10.9% to 5,057, raising active listings to 12,744, a 32.3% rise from the previous year. The composite benchmark price is $1,169,100, reflecting slight decreases across various residential types. Market conditions are balanced, with potential for improved borrowing due to anticipated interest rate cuts, despite economic uncertainties from a trade war with the U.S.
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