Thomas Davidoff, a UBC economics professor, spoke to the Canadian Press about the recent trend of declining home sales in Vancouver.
A report from the Real Estate Board of Greater Vancouver showed a 32.6 per cent drop in September home sales compared with the same month in 2015.
“This looks like the top of the hump,” Davidoff said. “Typically, before prices fall transaction volumes fall. It looks like that’s the direction in which we’re heading.”
The story appeared on CP 24 and Metro News.
