Market Watch - Spring Sales Continue to Increase as The Market Warms

We generally see activity in the housing market start to increase at this time of year Buyers can look forward to more inventory to choose from and sellers can count on more buyers in the marketplace.

A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact the housing market in March. It’s still important to emphasize that price and conditions vary from neighbourhood to neighbourhood.

British Columbia –  - Demand for homes continues to outpace supply in Metro Vancouver

Spring Market is Primed for Competitive Season Ahead

British Columbia – Low supply continues to limit Metro Vancouver home buyers

Metro Vancouver, March 2, 2017 - Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market.

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9% decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2% compared to January 2017 when 1,523 homes sold.

Last month’s sales were 7.7% below the 10-year February sales average.

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