The Real Estate Board of Greater Vancouver issued the market statistics for February 2020
Oh boy, what a busy month in the market with a "44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020".
*downward pressure on home prices occurs when the ratio dips below 12 per cent, upward pressure when it surpasses 20 per cent over several months.
"Home buyer demand again saw strong year-over-year increases in February while the total inventory of homes for sale struggled to keep pace. This was most pronounced in the condominium market."
Ashley Smith, REBGV president
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