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REBGV Average Price Graph as of August 1 2010

Blog by Shaun Kimmins | August 5th, 2010

It's now clear, we are off the peak.

REBGV Average Price Graph as of Aug 1 2010
The latest Real Estate Board of Greater Vancouver's average price graph supports recent media articles which have been quick to get on board the idea that our market is softening and that it's now a buyer's market. This has been the case in the luxury waterfront condo market for some time now but is now apparent thoughout the entire market. Prices are coming off and active listing inventory remains at high levels. Basicaly, we have a simple supply and demand problem. Contact Shaun with comments or questions.