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Which Metro Vancouver areas are still seeing strong real estate sales?

Map of sales-to-active-listings ratios shows where the housing hot spots have been this spring; some remain seller’s markets

In the current slowing real estate market, it’s easy to read the headlines and imagine that sales are plummeting all over the region and it’s becoming a buyer’s market. But that’s not necessarily true of all areas – or all property types.

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BCREA – Stress Test Creating Pent-up Demand

Vancouver, BC
April 15, 2019. 

The British Columbia Real Estate Association (BCREA) reports that a total of 5,707 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, a decline of 23 per cent from the same month last year. The average MLS® residential price in the province was $687,720, a decline of 5.4 per cent from March 2018. Total sales dollar volume was $3.9 billion, a 27.1 per cent decline from the same month last year. Continue reading