Metro Vancouver real estate rebounding faster than expected (via CityNews)

It seems Metro Vancouver real estate didn’t exactly stay down for the count.

Despite measures to slow the local housing market, there is more evidence it is ramping up again, and faster than anticipated.

“Since the bottoming out earlier this year, we have seen significant momentum building for the Lower Mainland / Metro Vancouver area,” says Bryan Yu, deputy chief economist for Central 1. “Sales have risen significantly, markets are tightening in terms of the sales-inventory ratio, and we think that prices are going to be following through 2020 and lifting values.”

 

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