Still a Seller’s Market: Vancouver

This past summer was a bright spot for sellers, according to the Real Estate Board of Greater Vancouver (REGBV): In July–traditionally a quieter month for sales in the annual real estate cycle–it reported 2019 growth of 23.5 per cent in home sales over 2018, and 23.1 per cent increase over home sales in the previous month, June 2019. “Those looking to buy today continue to benefit from low interest rates, increased selection, and reduced prices compared to the heated market a few years ago,” says Ashley Smith, REGBV president–which is good news for owners thinking of selling and right sizing.

48 days: Average time a listed Vancouver home spends on the market