April 2017 - Greater Vancouver Housing Market Update
May 12th, 2017
Condo and Town House sales continue to lead the market in Metro Vancouver.
The stastistics tell the story. The sales to active listings ratio is 26 per cent for detached homes, 58.2 % for townhomes, and 82.2 % for condominiums. Ratios over 20 % are considered a Seller’s market.
Construction has been at a record pace over the last year but until these projects come on stream, strong demand a ...