Real Estate Blog by Adina
Vancouver Market Update April 2018
Blog by Adina Dragasanu, Personal Real Estate Corporation | April 20th, 2018
Homebuyers were less active in this first quarter of the year, than last year, or the previous 5 years. In fact, this was the regions lowest first-quarter sales total since 2013. This can be attributed to a mix of factors: including higher prices, higher rates, tighter lending regulations, and recent provincial legislation, all of which have helped to cool down demand to varying degrees.
While listings are on the rise, we're seeing a mismatch between supply and demand across property typles. There is still shortages of supply in the entry level markets, and oversupply in the higher end segments, especially for detached properties over $1.5M.
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