Toronto and Vancouver are now opposites

Sales in Vancouver are down 32.6% compared to September of last year primarily due to the drastic measures that the provincial government has imposed on off-shore investors. Toronto Realtors are blogging about increased investors from Mainland China and how it is affecting their marketplace. Their sales activity is up 21.5% and prices are up 20.4% from September of last year. Vancouver prices are continuing to rise which illustrates the the fact that the prices are the last statistic to change in any shift in the market. Expect prices to soften as the inventory rises and absorption decreases in Vancouver in the coming months. 

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Bill Hubbard

Bill Hubbard

CENTURY 21 Executives Realty Ltd.
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