New listings rose in Vancouver last month, easing pressure: real estate board

Greater Vancouver's real estate board says new listings were up in February as home sellers shed some of their hesitance and home sales also rose.

The board, which changed its name to Greater Vancouver Realtors last month, says February home sales rose 13.5 per cent from last year to 2,070.

However, the number of sales was 23.3 per cent below the 10-year seasonal average.

The board says there were 4,560 new listings of detached, attached and apartment properties last month, 31.1 per cent more than the same month last year and almost on par with the 10-year seasonal average.