(Source: The Financial Post)

Lower prices are triggering more real-estate sales in some B.C. communities.

The Real Estate Board of Greater Vancouver reports that June 2009 saw 75 per cent more sales overall compared with last June.

A key driver of sales is dropping prices.

Benchmark prices of residential detached houses on MLS, the online database used by realtors, have fallen 8.4 per cent over the past 12 months.

That price decline contributed to an 81 per cent increase in detached house sales this month over last June.

Read the full article “Lower prices mean more housing sales” in Canada.com (July 5, 2009).

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