Metro Vancouver real estate sales declined in August due to slowed immigration, weak investor demand, and high mortgage rates. Sales dropped 4.6% year-over-year, with fewer homes listed, though inventory remains above the 10-year average. Prices fell 5.6% to a benchmark of $1,081,900. Fraser Valley saw a 14% sales drop from July, with prices down 7% to $869,900, reflecting ongoing buyer-seller market tension.