The market is in a quiet time both seasonally and with the current trend of government policy quelling demand.
It’s difficult to quantify but the feeling of those of us close is that there is a pretty good build up of latent demand. Both young homebuyers and investors are waiting to find ‘the bottom’.
Here is a link to my complete set of charts and graphs.
Here is a link to the Real Estate Board of Greater Vancouver (REBGV) media release.
Price change review based on REBGV House Price Indices (HPI):
- Detached HPI down about 5% since the late spring
- Attached HPI down about 4.8% since late spring
- Apartment HPI down about 3% since late spring
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