Vancouver Real Estate Drops 5.6% in 2016

The Real Estate Board of Greater Vancouver says home sales dropped 5.6 per cent last year compared with 2015.

The board says the MLS Home Price Index composite benchmark price for all residential properties in Metro Vancouver fell to $897,600 in December, a 17.8 per cent slide from the same month the previous year.

The figures wrap up a tumultuous year in one of the country’s most watched housing markets.

via Global News

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza