News: Vancouver Real Estate Market

Canada's Hot condo market set to get even hotter - Financial Post

The average price of homes sold in B.C. is forecast to fall 7.8 per cent this year, but that doesn’t mean
the price of a typical home will drop, the B.C. Real Estate Association’s chief economist Cameron Muir
said Thursday.


The average Multiple Listings Service price is down and will continue to fall because fewer single-family
homes in tony neighbourhoods are selling, while more less-expensive homes are selling, Muir said,
adding that there has been a noticeable lull in demand for single-family homes in Vancouver since
January of this year.


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