Team Berg Blog

Blog by Barry Berg

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Home sales down, listings up across Metro Vancouver

Did recent mortgage requirements affect Greater Vancouver's real estate market in April? With diminished buying power, buyers were less active this past month. This means buyers will generally face less competition and have a little more breathing room when making their purchase decisions. Condos and townhomes are still in a seller's market (slightly softer), based on sales-to-active listings ratios (see graph for a comparison of the past 3 months).

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Download the complete stats package from the Real Estate Board of Vancouver here.