For the Month of July, in Metro Vancouver, while Home Sales continued to lead at 1/3 (33.5%) of the 10-year average; the number of Listings For Sale continued to head the opposite direction.
“Today’s activity continues to benefit sellers as home buyers compete for the homes available for sale,” Darcy McLeod, REBGV president said.
"Much of today’s activity can be traced to strong consumer confidence, low interest rates, and a reduced supply of homes for sale.” McLeod said. “We have about 5,000 to 6,000 fewer homes for sale today than we've seen at this time of year over the last five to six years,"
For complete details & stats package, you may wish to check out this latest REBGV News Release.