City of Vancouver ponders foray into market rental housing with new corporation

An Aquabus water taxi carrying tourists prepares to dock at Granville Island in Vancouver, B.C., Friday, Aug. 1, 2025. THE CANADIAN PRESS/Darryl Dyck

VANCOUVER - Vancouver-area home sales rose 2.9 per cent in August compared with last year, as the city's real estate board says the market appears to be recovering "albeit somewhat slowly" from the first half of the year.

Greater Vancouver Realtors says home sales in the region totalled 1,959 last month, up from the 1,904 sales recorded in August 2024, but still 19.2 per cent below the 10-year seasonal average.

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