Metro Vancouver’s once red-hot real estate market has cooled down. The number of home sales in March is the lowest they have been for the last 18 years. “Compared to last year, we’re down 32 percent,” explained Phil Moore, president of the Real Estate Board of Greater Vancouver (REBGV).
“After three or four years of a very robust market and escalating prices, this certainly seemed to be a year of transition. We went from more of a sellers’ market, to a balanced market, and now — a buyers’ market.”
Reference: https://globalnews.ca/news/4818696/metro-vancouver-housing-sales-hit-nearly-20-year-low
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