THERE’S A FULL-FLEDGED REAL ESTATE DECLINE IN VANCOUVER, BUT TORONTO IS HOLDING STEADY

The Financial Post reports TORONTO’s housing market is “steady”, while VANCOUVER’s has suddenly become “dismal”. In TORONTO almost the same number of units were sold in March 2019 as in March 2018. The housing market here isn’t declining, but the gains are modest. New and active listings are down.The number of housing sales in Greater VANCOUVER dropped 31% from March 2018 to 2019. There hasn’t been such a plunge since 1986. Compared to March 2018, the number of houses listed for sale in the west coast city was 52% higher in March 2019.

ASHLEY SMITH, president of the Real Estate Board of Greater Vancouver believes government regulatory changes are responsible for the decline of a formerly red hot market.

For more information on what’s happening in CANADA’s housing markets. consult the HAIDER-MORANIS BULLETIN – https://hmbulletin.com/

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