Higher sales in June bring hope to Vancouver’s housing market

RBC reports a 5% sales increase in Vancouver's real estate market in June compared to May. It will take two more months to confirm if there's a true market rebound. Listings grew by 7% from last year, while home resales dropped by -19.1%. Multi-unit dwellings helped stabilize costs, with most new listings being medium to high-density housing. Inventories may rise as buyers wait for more rate cuts before the Bank of Canada's next interest rate announcement on July 24.