The local real estate boards will be out with the monthly numbers tomorrow and I am guessing we will have price declines across the board. The inventory level is reaching super-bearish levels in the outer areas and bearish levels closer in. These levels of inventory are so high that it is unavoidable to have price decreases as sellers compete for buyers.
What are your guesses at the numbers?
REBGV - down -1.5% MOM
FVREB - down - 2.0% MOM
Oh - - - if only I could short Vancouver real estate.