BC: Vancouver Housing Market Hanging in the Balance

Gay Vancouver Real EstateMetro Vancouver’s housing market remained in balanced market conditions in January, although there were signs of a sellers’ market returning with higher levels of demand in larger communities.

“There was a healthy balance between the number of home buyers and sellers in our market in January, but there’s always variation in activity from region to region,” Jake Moldowan, president of the Real Estate Board of Greater Vancouver (REBGV), said in a statement Wednesday. “We’re seeing strong sellers’ market conditions in areas like Richmond and the west side of Vancouver.”

According to the REBGV’s latest monthly report, the number of properties listed for sale and those sold on the Multiple Listing Service last month outpaced the 10-year average in January.

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