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Supply and Demand: Reduced Supply  ensures huge demand across lower mainland

(November 08, 2015 , posted in Market Updates)

The real estate market in Vancouver customarily experiences a slow down as late fall approaches. Evidently, convention does not apply to home buyers in the Lower Mainland. 

Vancouver real estate agents
Compared to the same period last year, Metro Vancouver residential property sales were up nearly 20%. In fact, "last month's sales were 36.2% above the 10 year sales average for the month." New listings, however, were down 8%, testament to the dearth of available inventory. For more on the current market, including a comprehensive  look at the MLS Lower Mainland Home Price Index, Listing Activity and trends, click here.