More Listings Should Ease The Demand

The Real Estate Board of Greater Vancouver reported an additional 7,004 new property listings last month.

Compared to the same moth last year it is a 60% increase!

Also the average price of a property has increased 20% from last year, across all property types.

The jump in listings should stabilize the pricing in the next few month, but with a hot market the prices will still increase.

Full Story from Vancouver Sun