The Real Estate Board of Greater Vancouver released a year over year sales report, showing an increase of 41.7% homes sold.
There is a higher quantity of development and new homes in the current market, compared to last September, which real estate agents are calling a buyers market.
Pete Schpak, realtor for Vuppi Real Estate Team, finds the first time buyers market is better then what it used to be.
“I had a listing on Tupper and 16th, that was priced well. And I received 21 offers for that listing. It still relies on affordability of the buyers, but the quantity is there” Pete Schpak, Vuppi Real Estate team realtor
Though September was a steady month, the real estate market is always goes through changes. One cause of those changes is politics.