For the second month in a row, year-over-year sales declined in March. The slowdown began in February and likely factors at play include the increasing cost of borrowing, the introduction of the stress test for uninsured borrowers, and the latest demand-suppressing measures introduced in the BC Budget--even if in the case of the latter, the effects are to this point only psychological.
rennie Intelligence has compiled a summary of sales and listings for the Greater Vancouver board area. Click here for more information on the March market data.
Joanne Hoekstra is a Realtor® and Sales Advisor with rennie & Associates Realty and currently part of the Tsawwassen Shores sales team. Joanne is experienced in helping buyers find their perfect community and also works with investors building their real estate portfolio. In working with Sellers, Joanne ensures the best customer service from listing through to completion of the sale. She is always on the look out for great investment opportunities. Joanne can be reached at 604-722-6645 or jhoekstra@rennie.com or follow Joanne on Facebook at www.facebook.com/jhoekstra.rennie.
