The Vancouver Life Real Estate Podcast Canadian Housing Supply Continues To Plummet
If you have tried to buy a home recently you've likely noticed that there doesn't seem to be a lot of options available, well, you're not wrong. There are less than HALF the amount of homes for sale today then there were just 6 years ago. This has understandably put upward pressure on prices, where in the last 12 months, the average Canadian home price has increased 25%, or $140,000. These record high prices coupled with record savings and decreasing debt ratios has Canadians feeling rich and ready to buy more. We dive into the current state of affairs and disseminate what to expect next. www.thevancouverlife.com
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