"MAY SEES MODEST INCREASE IN HOME SALES WHILE HOUSING SUPPLY REACHES FIVE-YEAR HIGH."
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Home buyer demand continues to decline across the Metro Vancouver* housing market.
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Metro Vancouver sees fewer home sales and more listings in July
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Real Estate Board Of Greater Vancouver Update August 2017
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With sales 7.6% below the 10 year average last month, the benchmark pricing came down 1.2% across Metro Vancouver - largely due to and 2.2% decrease in detached property pricing.
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Are property prices in Metro Vancouver really due for a 20% correction?
A concise update of Vancouver's current real estate market.
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A concise update of Vancouver's current real estate market.
Metro Vancouver residential real estate sales volume has been declining for months now. Despite the turn from the record breaking months set earlier this year, sales prices overall have remained strong, but how long can this last?
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Based on the softening of sales numbers and the Foreign Buyers Tax implemented last month - they estimate a loss of 5000 jobs or 10% approximately by December 2016.
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