Are we getting closer to a seller's market again?

The Real Estate Industry watches the sales in a monthly time period  to current active listings (the sales-to-active-listings-ratio) closely. It is considered a balanced market when this ratio ranges from 15% to 20%.and deemed a buyers market when it is less than 15% and a sellers market when it's higher than 20%.  Last month this ratio hit 19.7% in Greater Vancouver which is the highest it has been since June 2011.  Last April the ratio was 15.7% ( a very low balanced market)..  Click here for more details on the Greater Vancouver Housing Sector.

 

Current Mortgage Rate as of May 9, 2014:

Fixed:  1 year @ 2.89% - 2 year @ 2.59% - 3 year @ 2.79% - 4 year @2.87% - 5 year @ 2.99-3.09% - 7 year @ 3.79% and a 10 year @ 4.29%

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.