Thanks for taking the time to look at my monthly real estate update for South Delta and the Real Estate Board of Greater Vancouver (REBGV).
Here is a link to the complete set of charts and graphs – it may be useful to refer to them as you read through this piece!
The Greater Vancouver Real Estate market is very active as last month’s sales were 42.8% above the 10 year average.
“Metro Vancouver’s housing market is experiencing seller’s market conditions. The supply of
listings for sale isn’t keeping up with the demand we’re seeing,” Colette Gerber, REBGV Chair
said. “Competition amongst home buyers is causing multiple offer situations and upward
pressure on prices.
Prices are rising with the supply-demand imbalance:
From the REBGV:
“Less populated communities within the region continue to experience the largest year-over-year
price increases across all property types. Examples, according to the MLS HPI®. include Bowen
Island (34.4 per cent increase), the Sunshine Coast (32.7 per cent increase), West Vancouver
(16.1 per cent increase) Maple Ridge (14.8 per cent increase) and Ladner (13.7 per cent
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