Vancouver Real Estate Prices Are Falling

The sales data from the first 2 weeks of May shows that real estate prices have begun falling. The Median price is off 6% already this month and every indicator is pointing towards a further decrease in price. Inventory is increasing, sales are slowing, new listings are high and the sales to active listings ratio is down 22% from just 2 months ago. Now, be careful to understand that this does not mean ALL property prices are decreasing, there is still tremendous activity an...