West Van and North Van Listings vs Sales Graphs
Blog by Stu Bell | October 20th, 2017
The detached market is certainly slowing down and turning into a Buyer's market, but townhomes and condos are selling quickly in multiple offers - a sellers market. The overall market is better than it was last fall, but the foreign buyers tax has certainly slowed the in flow of foreign investment into the Vancouver Real Estate market. We still see a lot of demand from local families climbing the property ladder, new immigrants, first time buyers, and downsizers. The banks are increasing regulation and making access to capital harder. This will protect our market from a collapse, but slow down gains in the short term. The rental market is red hot with 1 beds renting for an average of over $2100/month, the highest in Canada. Call Stu to discuss your real estate goals and take advantage of today's interesting market conditions.