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More dismal numbers about the local housing market.
The Real Estate Board of Greater Vancouver says September sales of detached homes, townhouses, and apartments fell eight per-cent from August, and were 32.5 per-cent lower than the same month a year ago.
As well, the September sales were 41 per-cent below the 10-year September sales average.
Board president Eugen Klein says there has been a clear reduction in buyer demand in the three months since the federal government tightened mortgage rules.