The Metro Vancouver Real Estate Thread

[whatnext]

That hissing noise you hear is the deflating Vancouver real estate bubble:

The Vancouver condo market continued to slow in July. While part of this is seasonal a trend, there’s definitely more to it this time around. Condo sales have declined each month this year, and fell to their lowest total for the month in six years.

Overall, Vancouver condo sales declined by 22% on a year over year basis. The one bedroom condo space remained the strongest, but was not immune, with sales dropping 19%. Two bedroom condo sales dipped 24%, while three bedroom sales plunged by 31%. For further context, the 427 condo sales this month was 20% below the ten year average for July...

http://vancitycondoguide.com/vancouver-condo-sales-july/