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Vancouver Property Prices Are Dropping
Description
After an intense 27 month bull market that saw prices rise 38%, the Vancouver Real Estate market has officially peaked and now prices are dropping. April home sales saw a 30% reduction in volume, and prices are lowering for the second month in a row. While the drop is only a few thousand, the indicators are pointing for this amount to increase, and steadily fall for months to come. In this episode we examine the key drivers of this downward trend and share our predictions on how far prices will fall, and for how long.
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Dan Wurtele, PREC, REIA
604.809.0834
Ryan Dash PREC
778.898.0089
ryan@thevancouverlife.com