August 2012 RSS Feed

Found 1 blog entry for August 2012.

Tighter mortgage insurance rules, global economic uncertainly and calls for a price correction in the Vancouver real estate market will cause some buyers to delay purchasing. The effect of weaker consumer confidence is expected to dissipate and give way to a more aggressive rebound heading into 2013. Sales are low but the number of new listings is also on a decline which is a key factor in local, stable prices. A positive sales trajectory is expected by the end of 2012 or early next year leading to annual sales gains of 7% in 2013 and 8% in 2014… lacklustre but steady.

The average number of days on market has also increased, giving buyers a bit of breathing room and very limited multiple offer situations to contend with. However, when properties are…

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