BCREA predicts more balanced market by end of 2017
The British Columbia Real Estate Association’s recently released a report explaining that the Vancouver Real Estate Market is still very active. Market spikes are largely due to strong provincial economic growth, a growing population, and limited supply.
That said, the association highlights that sales have fallen approximately 4 percent since May, 2017, with active listings increasing over the 20-year low.
Therefore, we may be looking at a more balanced market as inventory ramps up for the upcoming fall market.
You can review the report below.
For more information on the current state of the market, visit our back catalogue of episodes for opinions from leading experts in the Vancouver Real Estate Market, such as Michael Ferriera, Tom Davidoff, Michael Geller, and Dustan Woodhouse.
Always keep in mind that the ‘Genius Investor Strategy’ is one based on long-term holds, as discussed HERE.
Want to discuss the market with Adam and Matt? Contact us HERE.
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