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Oversupply! Canada needs more Investors NOW Vancouver Real Estate Inventory Rises To A 23 Month High

881 views · Published 10 October 2017 · 3:46 · Indexed 4 November 2026

Channel: Mike Martins · 2017 · News & Politics

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Ok so my Property assessment is worth this much !! OK then GOOD LUCK SELLING ! with the amount of inventory on the market !! Canada needs to secure more deals with foreign investors to keep this going !! 

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OCTOBER 10, 2017
Vancouver real estate prices continued to rise in September. Numbers from the Real Estate Board of Greater Vancouver (REBGV) show prices are still making huge annual gains. This was paired with higher inventory, and higher sales.

Prices Rise 10.92%
The price of a home in Vancouver climbed by almost every measure in September. According to REBGV, the benchmark price reached $1,037,300, up 0.74% from the month before. This represents a 10.92% increase from the same time last year. Average sale prices posted increases in all three housing segments as well.

One thing to keep an eye on is how much smaller the annual gains have been getting. While a 10.92% price increase would be huge in any other city, it’s a lot less than the 28.29% made the same time last year. It could just be a tapering of gains after a huge run, however, it could also be a continuation of a downtrend. Either way it’s really worth paying attention to over the next few months.

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