Over the past few months, many people have talked about Vancouver’s real estate market as being in a slowdown. But last month’s real estate numbers for Greater Vancouver just came in — and things aren’t really going down. They’re just sort of stuck.
New monthly stats show continuation of static — and lower than historical average — home sales
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Another month of Vancouver real estate data was released — and as Justin McElroy reports, it’s the same baseline of lower sales that has upended things for many developers
Over the past few months, many people have talked about Vancouver’s real estate market as being in slowdown, or slumping.
But last month’s real estate numbers for Greater Vancouver were released on Tuesday — and key metrics aren’t really going down all that quickly.
They’re just sort of stuck.
As the CBC’s Justin McElroy reports, it’s now been more than three years since Greater Vancouver has seen the type of sales numbers that were common for most of this century.
But economists say there seems to be little appetite by governments to enact some of the changes that developers are asking for to spur home sales.
