Metro Vancouver home prices are dropping and the market is headed towards a buyers’ advantage.
The average Metro Vancouver household still can not afford current house prices and unusually high house prices are the greatest factor making homes unaffordable.
High-end markets like Downtown, West Vancouver, and the Vancouver Westside have been hit hardest by the market downturn but the surrounding areas are also impacted.
Foreign speculative investors are leaving Metro Vancouver and prices are now being supported by local economic fundamentals.
