Are you among the lucky few considering the purchase of a new home? Don’t worry, you’ve got time.
Homebuyers appear to be the ones with power in the current market, according to the latest figures from the Real Estate Board of Greater Vancouver.
February saw more supply from homesellers and below-average demand from homebuyers, meaning buyers are likely taking their time and considering their options.
Residential sales last month totalled 1,484, a 32.8-per-cent drop from the same month in 2018 (2,207 sales), but a 34.5-per-cent increase from January 2019 (1,103 sales). However, February remained 42.5-per-cent below the 10-year February sales average.
“For much of the past four years, we’ve been in a sellers’ market. Conditions have…