Team Berg Blog

Blog by Barry Berg

<< back to article list

Condos and townhomes in high demand across Metro Van

“Our overall market is operating below the record-setting pace from a year ago and is in line with historical spring levels. It’s a different story in our condominium and townhome markets," Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. “Demand has been increasing for months and supply is not keeping pace. This dynamic is causing prices to increase and making multiple offer scenarios the norm.”

How much have prices gone up over the past three months? Our latest infographic sums it up:

thumb

For the entire statistics package from the Real Estate Board of Greater Vancouver, click here.