May 2022

Downtown still in a Seller's market but sales softening appear to mark shift

Posted on May 12, 2022


Vancouver's downtown condo and townhouse inventory and prices are up but the market may be cooling as sales dropped month to month. Coal Harbour sales activity was the weakest of the neighbourhoods with Downtown seeing the most demand. The greatest demand was for homes between $600-$700K.

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SFU real estate market begins to shift towards more balanced conditions

Posted on May 12, 2022


The SFU market is shifting towards more balanced conditions as home inventory increases month to month and sales cool. Townhouses prices are rising while condo prices are softening for most price points.  Meanwhile the Burnaby detached market remains very active with homes selling well over asking price in less than a week. 

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