RE/MAX 2018 Housing Market Outlook - Greater Vancouver

RE/MAX 2018 Housing Market Outlook - Greater Vancouver


Some regions and segments of the market in the Greater Vancouver may be  experiencing some slightly different market conditions than the overall consensus reports.

 

Greater Vancouver’s housing market has diverged on two distinct paths in 2017 as detached home prices remained stable year-over-year compared to 2016, while the region’s condo market experienced significant price appreciation as demand outpaced supply. Millennials are driving demand for condos as they look to enter the housing market, often with financial assistance from family. Inventory for detached homes is relatively high, with many sellers still listing their properties at prices more characteristic of the market prior to its peak in May 2016, resulting in inventory sitting on the market for longer periods.

 

Click the link below to view or download the fullsize pdf of the report:

http://download.remax.ca/PR/HMO2018/2018_HMO_EN_GreaterVancouver_HR.pdf

 

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Helen Gambling
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Office: (604) 466-2838
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.