News: Vancouver Real Estate MarketCoquitlam real estate update Feb 2019The big question everyone is asking me is "what do you think the market is going to do over the next few months"? What we know is the housing price trend is currently on a downward trajectory. The 2008 slide lasted 6 months, the 2011 slide lasted 7 months and the 2016 slide lasted 6 months. Currently the Greater Vancouver real estate market is in it’s 8 month of declining home prices which was primarily caused by the mortgage stress test that the federal government’s banking regulator... Home listings increase while buyers remain in holding pattern
Home listings continue to increase across all housing categories in the Metro Vancouver housing market while home buyer activity remains below historical averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,103 in January 2019, a 39.3 per cent decrease from the 1,818 sales recorded in January 2018, and a 2.9 per cent increase from the 1,072 homes sold in December 2018. Last month's sales were 36.3 per cent below the 10-year January... |
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