Today we will be looking at the statistics for October 2016 and comparing them to September 2016. We will be comparing Detached homes(not including new homes) in Vancouver West, Burnaby North, Coquitlam and Maple Ridge. Since our last Statistics video for September 2016, not much has changed. The market is still trying to digest the recent changes in mortgage rules and 15% Foreign Tax. There is a big gap between sellers and buyers. Some sellers are still expecting the peak price and buyers are waiting for the prince to drop further. The only segment of the market that is still very active is lower priced apartments and townhouses. It seems the market will stay the same till Spring 2017. Right now it is a good time for the Buyers who want to upsize or downsize their home.
If you want to know how much your home is worth in today's market: Please contact us for a FREE online or in person Market Evaluation.