Inventory continues to grow while sales remain sluggish in both Greater Vancouver and the Fraser Valley as we head into the full fall season.Is this the calm before the storm? Maybe and maybe not, according to new statistics and analysis published by both the Fraser Valley Real Estate Board and Greater Vancouver Realtors on Wednesday.
Overall listings — the total amount of active listings — is now up to 9,045 in the Fraser Valley and 14,371 in Greater Vancouver, which represent increases of 39% and 33%, respectively, compared to this time last year. Speaking on Greater Vancouver, GVR Director of Economics and Data Analytics Andrew Lis is reading the market the same way.
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