Well folks we are now in a full Buyer’s market in all segments. The big question on everyone’s
mind is where is the market going in 2019?
For this month I am showing a comparison of January over January for the past 5 years and
as you will see the big change occurred with # of sales way down. This is a result of a number
of factors, taxes implemented at the local, and provincial levels as well as Federal intervention
in the mortgage industry with the new “Stress Test”.
The good news going forward, inflation rate, unemployment rate and interest rates are all good!
I always love to hear from you and happy to discuss how the market effects your future plans.
Michele
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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