Are Vancouverites looking to exit the market?

New listings for Greater Vancouver real estate made a sudden surge last month. According to the Real Estate Board of Greater Vancouver (REBGV) 4,848 new listings hit the market in January 2019, which is a 244.6% from December 2018.

Monthly increases in January are expected, but the numbers also show the number of new listings in January 2019 are up 27.7% from January 2018. People who wish to leave Vancouver and move to Victoria will find the continued difference in market prices very much in their favour.

References: Better Dwelling, REBGV