Both Median & Average homes prices in Vancouver are down over $60,000 in the last 3 months. As we dig deep into the July Real Estate stats we uncover what is driving this downward pressure on prices, and give our predictions into how much longer the downward trend will go on. Incredibly tight inventory coupled with extremely low new listings are creating a baseline effect and with new mortgage applications at a record high, the fall market may be poised for another serious run up.
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Dan Wurtele, PREC, REIA
604.809.0834
dan@thevancouverlife.com
Ryan Dash PREC
778.898.0089
ryan@thevancouverlife.com
www.thevancouverlife.com
The Vancouver Life Real Estate Podcast