(June 08, 2017
, posted in Market Update)
The Market Update for the month of May 2017 is out through the Real Estate Board of Greater Vancouver
Looks as though we are still in a very STRONG SELLERS MARKET. The demand for Townhomes and Condominiums is the driving force behind the current markets activity.
Inventory is dwindling when it comes to the Condo/Townhome market but there is a glimmer of hope in the detached homes as the inventory is beginning to rebound with an increase in selection.
The current market may look like that of a year ago in 2016; however, it is very much different. Last year single family detached homes drove the market. In 2017 we are seeing the opposite with Condominiums and Townhomes leading the way.
You can download the Statistical package HERE
in .pdf form.