Our REALTOR® friend Matt Collinge has provided us with a little sample of how things are shaping up in Vancouver BC. Have a read and if you want more information on the Vancouver Market please visit Matt’s blog.
The Greater Vancouver real estate market saw increases listings and decreased sales last month, yet prices continued to climb. That is not how it is supposed to work, but lets reserve opinion for a month or two and see what happens. Sellers always suffer a hang-over prices inflation as they re-adjust to the idea that the demand for the product may not be there anymore.
The Real Estate Board of Greater Vancouver has a new president now, Dave Watt from Royal LePage Northshore. Here is his first quote of the month:
“The market is continuing to balance, with sales and listings beginning to re-align with our 10-year averages,” says REBGV president, Dave Watt. “The selection of inventory hitting the market is wider than we have seen in the past few years, which gives prospective buyers more choices.”
Time is short today so I will leave it to that. The report is attached below and the reports for the last year can be found on the Statistics and Reports page of my website.
Matthew Collinge: Vancouver REALTOR®
For information the Victoria BC market please drop us a line or an e-mail.
Cheers
Bill
Bill Ethier B.Sc – REALTOR®
Properties in Victoria Professionals- Royal LePage Coast Capital Realty
Bill has been a REALTOR® in Victoria since 2006. Originally from the Vancouver area, Bill moved to Victoria to attend the University of Victoria where he received his Bachelor of Science. Not only does Bill have a wealth of real estate knowledge he is also an active member of the community. He is a member of Triple Shot Cycling Club, Island Road Racers and is the Race Director for the Sooke River 10K.
