Precise-estate boards have reported about downward pressure on Metro Vancouver housing prices.
That’s on account of a cooling real-estate market led to by rising charges of curiosity.
What’s not captured in these research is what Vancouver realtor Marty Majerski describes in a bear in mind to the Straight as “some stunning stats”.
“There have been MASSIVE price drops from the peak of the market throughout the early part of this 12 months, and so they’re merely not getting reported exactly by our precise property boa[r]d,” the REMAX Crest agent wrote.
Majerski has recorded a video displaying “tangible examples of what is truly occurring available on the market”.
For instance how prices are dropping, Majerski makes use of some examples: supplied prices throughout the Gable townhouse sophisticated in Coquitlam, and product sales of single-family properties throughout the Clayton Heights neighborhood of Surrey.
Right here is Majerski illustrating how the Metro Vancouver housing market is “coming off the peak”.
Video of Higher Vancouver Market Exchange for July 2022