Vancouver Real Estate Anecdote Archive

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Website title: Vancouver Real Estate Anecdote Archive | Stories From The Boom & Bust

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"We Need Housing Prices To Come Down” – Bank of Canada!3 days

The Bank of Canada just said the quiet part out loud:

There is no path to affordability in Canada without home prices coming down.

Housing is already weakening.

No one is coming to save this market. pic.twitter.com/RyaadFlB9e

— Shazi (@ShaziGoalie)

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On the way down, do not be misled by ‘buyers’ market’ descriptors…2 weeks

Sellers’ and buyers’ markets, in RE agent parlance, are defined by inventory:sales ratios. Currently there has been a surge in inventory and a very large drop in sales – but prices have only modestly softened. Already we have hopeful realtors calling this a ‘buyers’ market’. Do not be fooled – you will hear these calls all the way to the bottom – this indicator will ‘stick to...

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