The Vancouver Life Real Estate Podcast It Has Never Been Harder To Buy A Home In BC
Sep 18, 2021
17:46
The amount of homes available for sale in BC has just hit a record low - 20,000. Consider that just 12 years ago, in 2009, that number was 60,000 - and since then the population has grown by more than 700,000 people. The average price of a home in BC increased by over 17% in the last 12 months and is up 80% in the last 10 years. Credit remains at near record lows and mortgage applications are at record highs. The competition to buy has never been more fierce, with less homes to ever to choose from.
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