Decade low inventory levels across all property types ignites an aggressive real estate market in Vancouver. Whether you're looking for a detached home, townhouse or a condo, chances are you'll find yourself in multiple offers so be prepared.
After a record setting 2015 where home sales were the highest in REBGV history, we're headed for a strong 2016. January sales are up by almost 32% compared to January 2015 and new listing inventory is down by 6%.
“Fundamental economics are driving today’s market. Home buyer demand is at near record heights and home seller supply is as low as we’ve seen in many years,” Darcy McLeod, REBGV president said.
If you’re contemplating a purchase this spring/summer it might be a good idea to start looking now to get a feel for the market before diving in. Feel free to get in touch if you don't quite know where to start!