The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver.
Commercial real estate sales in the Lower Mainland declined in the first quarter (Q1) of 2017 compared to last year while the total dollar value of sales increased across most property types.
Home buyer activity returned to near record levels across the Metro Vancouver* housing market in May.
Demand for condominiums and townhomes continues to drive the Metro Vancouver* housing market.
A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March.