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May's sales were almost 20% below the 10 year May sales average.  Home buyer demand continues to decline across the Metro Vancouver housing market.  Although the number of homes available for sale is rising, supply is still below longterm historical averages.  

“For home sellers to be successful in today’s market, it’s important to price your property competitively given the shifting dynamics we’re experiencing,” Phil Moore, REBGV president.

 

 

 

Benchmark prices in May 2018 per area, by property type:

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The NDP has decided to remove tolls from the Port Mann and the Golden Ears bridges, effective September 1st, 2017.  Reactions are mixed.  Some are ecstatic with not having to pay any more tolls in their day-to-day lives, others are worried about where this income will have to be supplemented from.  The former of the two would also argue why only they had to pay tolls to cross when there are still 4 other local bridges that get off scott-free.  There was a proposition a few years back suggesting a reduced toll, but for ALL bridges.  North shore folks were up in arms about the thought, so it was quickly shut down.  So this touchy subject has been put to bed, at least for now.  

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