Weekly stats update courtesy of the VREB via Marko Juras.
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings||71%||
|Months of Inventory||
Daily sales with a grain of salt given the long weekend just like the first week of July
Outside of the anecdotes in the news, there isn’t much real data out of Vancouver yet as far as impact of the 15% foreign buyer tax on sales. In looking for some I poked my head over to one of the more active housing blogs in Vancouver and was honestly shocked at the amount of blatant racism and garbage in the comments. It seems that market is bringing out the worst in some people.
Also the lack of easily available data for Vancouver is interesting. We’re actually pretty lucky with the amount the VREB publishes compared to most other real estate boards.