July 2012

It's a buyer's market, or is it?

Posted on Jul 19, 2012

A buyer’s market is loosely defined as a market condition in which supply exceeds demand. By that definition, we are in a buyer’s market. The number of residential property sales in Metro Vancouver hit a 10-year low in June, prompting the Real Estate Board of Greater Vancouver to declare a buyers' market (source).

But is the media hysteria really ne...

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