We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets. While we’re seeing more listings enter the market today than we saw at this time last year, we have a long way to go before our home listing inventory rises back to more historically typical levels.
Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
For more in-depth information on November's market, please click below:
Greater Vancouver: REBGV November 2017 Stats Package
Metro Vancouver: MVR November 2017 Stats Package
Metro Vancouver (簡體中文): MVR November 2017 Stats Package (簡體中文)
Fraser Valley: FVREB November 2017 Stats Package