Vancouver East Side and Multiple Listing Service Sales

B.C. Real Estate Association: The same was true for attached properties at the $700,000 mark on Vancouver east side, according to CBC. In other words, the pool of available homes is draining faster than it being replenished. Last month Multiple Listing Service sales data, analyzed by research firm Snapstats, reveals by the end of the month sales of downtown Vancouver condos and townhomes just under $600,000 were dramatically outpacing new listings. The B.C. Real Estate Association says it has been seeing this trend — over 100 per cent sales ratios — throughout Vancouver for many months now, and has even coined a special term for the phenomenon — an "accelerated" market. Read the latest stats release, "BC Home Sales Sizzle at Record Pace," on our website: https://t.co/CpVGQyxj42 @bcrea While much of Vancouver real estate conversation has focused on extreme sales in a handful of west side neighbourhoods, all of these "accelerated" condo and townhome sales were units priced under $1 million. In comparison, a traditionally hot "sellers" market is defined at a sales ratio of 21 per cent or higher. (www.immigrantscanada.com). As reported in the news.