Well the stats are fresh off the press and not really a surprise.
The Real Estate Board of Greater Vancouver reports sales for all property types are down 31.6% from 2017 and 38.4% from 2016.
This past year has been a transition away from the high prices and hot demand seen in previous years brought on by new mortgage requirements and numerous new taxes on top of home prices out of reach for many of the local market. This period of cooling was long over due and welcomed by me.
All of this of course is the broad picture with differences in each sub market and individual neighbourhoods of which I have available and happy to break down for you. This healthier market has many opportunities, particularly for those wanting to move up as the gap is no longer as wide and the ability to research and negotiate in a timely manner is the best it's been in over a decade.
I look forward to hearing from you anytime with a question or a referral to someone you think I can help.
All the very best for family, happiness and home in 2019!
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