REPORT of the INDEPENDENT ADVISORY GROUP On Conduct and Practices in the Real Estate Industry in British Columbia // JUNE 2016

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“From a historical perspective, the slower sales we’re now seeing stand out as unusual, particularly against a backdrop of significantly improved borrowing conditions, which typically helps to boost sales,”

Phil Chang
Personal Real Estate Corporation
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May saw inventory levels across Metro Vancouver reach another ten-year high, while home sales registered on the MLS® remained muted. 

Phil Chang
Personal Real Estate Corporation
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After a turbulent first half of the year, home sales registered on the MLS® across Metro Vancouver are showing emerging signs of a recovery, down ten per cent year-over-year – halving the decline seen last month.

Phil Chang
Personal Real Estate Corporation