October - What's happening in the market?
“Buyers’ hesitancy to enter the market, paired with new listing activity on the part of sellers that is in line with historical averages, has allowed inventory to accumulate for a number of months and has moved the market firmly into balanced conditions."
October 23rd - the Bank of Canada’s decision to reduce the policy rate today by another .50 percentage point has inspired confidence in some buyers.
Sales are up in the condo and townhome subsets in Whistler for the month of September verses September of last year. Detached home sales are down just slightly.
Some buyers are hesitant to make a move before the results of the US Election November 5th. Historically, US searches for CDN real estate spike around election time. It will be interesting to see how things shake out!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.