Wednesday, June 1, 2011

Vancouver Market: Sales Slowing While Inventory Builds

Signs of a classic market top in the weekly numbers.

Vancouver House Sales and Listings Chart (X-scale: week beginning)
The peak at the week beginning March 27 was the transactions pulled ahead by the change in mortgage rules. The week beginning April 17 also shows a discontinuity; that was the week the CMHC dropped insurance for HELOCs.

*Numbers from Agent Will's Weekly Stats

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