reduced demand is allowing housing supply to accumulate
Posted on Jun 05, 2018
Home buyer demand continues to decline across the Metro Vancouver housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1% decrease from the 4,364 sales recorded in May 2017, and a 9.8% increase compared to April 2018 when 2,579 homes sold.
Last month...