Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market. Even still, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, our detached home market is beginning to enter buyers’ market territory.
The spring is traditionally the busiest time for home buyers and sellers in our market. We will wait to see how they react to the taxes and other policy measures that our provincial and federal governments have introduced so far this year.
For more in-depth information on February's market, please click below:
Greater Vancouver: REBGV February 2018 Stats Package
Metro Vancouver: MVR February 2018 Stats Package
Metro Vancouver (簡體中文): MVR February 2018 Stats Package (簡體中文)
Fraser Valley: FVREB February 2018 Stats Package