May 2017

Spring Shoppers Compete for Homes

Posted on May 08, 2017 in Market Updates

Well, it has certainly been harder for buyers than for sellers this past month. Multiple offers are rolling in on condos and townhouses, as the supply is still below the normal level. 

This scenario has kept the sales-to-active listings ratio at 45.5 % for all property types (REBGV, 2017). Which suggests that we are still in a sellers’ market. Howeve...

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