Market Update July 27, 2018

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Vancouver Market Update

“Declining prices for detached properties in some areas, particularly Vancouver’s Westside and West Vancouver, are due to high inventories that have accumulated due to sustained falling sales volumes"

The CMHC’s housing market assessment provides an analysis of Canada’s housing market in 15 census metropolitan areas based on four main factors: the rate at which sales outpace new listings, housing price acceleration, overvaluation and overbuilding.

 

https://vancouversun.com/news/local-news/price-growth-slowing-in-vancouvers-west-side-due-to-high-inventory-report?utm_source=Sailthru&utm_medium=email&utm_campaign=Vancouver%20Sun%20Daily%20Headlines%202018-07-27&utm_term=VS_HeadlineNews