British Columbia home sales at 10 Year Low

Home sales in British Columbia fell to their lowest level in a decade during July amid a rising number of for-sale inventory and increasingly cautious buyers, according to a report this month in The Vancouver Sun.

Sales through the multiple listing service totaled 6,541 units last month, a drop of 37 percent from a year ago. Although listing inventory jumped 63 percent in the last 12 months to 60,008 units, the average price of a British Columbia home sank just 0.5 percent to $444,358, according to the report.