Something that’s been missing for awhile from Canada’s housing market turned up last month — sellers.
No where was this more evident than in Calgary, where a 69% surge in new listings from the month before set the stage for sales to hit a February record. Vancouver prices rose 4.6% from January, up 20.8%, or $226,000, from the year before. But an estimated 6% drop in resales and 12% rise in new listings from January could represent a first step toward a more balanced market, said Hogue.
If all the empty foreign owned homes are put on the market in Vancouver you will have a huge glut