charliesangelsperth Metro Vancouver House Poised for Further Declines — Mortgage Sandbox
Metro Vancouver House Poised for Further Declines

Metro Vancouver House Poised for Further Declines

HIGHLIGHTS

  • 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.
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Vancouver

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