The Greater Vancouver property market made headlines, stoking a head turning 46% year-over-year increase in home sales for the month of September. Reading this number without any context would certainly imply the market was red hot, and it is for this reason that The Saretsky Report was first started, to filter out the noise and to distill the important information. What we are seeing is a stabilization in the housing market after an extremely volatile past 12 months which saw sales crater to near multi-decade lows. While the market has stabilized, it is much too soon to declare the correction in home prices is over, but rather it begs the question, where do we go from here? As usual, let’s analyze this further..
Steve is a regular speaker at industry events, hosts an online video series ‘The Saretsky Show’, and authors the popular “Saretsky Report” which is read by over 7000 subscribers.
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