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Vancouver and Fraser Valley Housing Market “Balanced”

July 5, 2011

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 12:32 pm

METRO vancouver — If there’s one word that describes Metro vancouver and the vancouver-east-fraser-homes/” >fraser Valley’s current housing market, it’s balanced. “Right now we’re at 22 per cent [sales-to-listings ratio], which means 22 per cent of the homes for sale are selling,” real estate Board of vancouver president Rosario Setticasi said in an interview Tuesday. “So, it’s balanced at the upper end and favours sellers, just barely.” Setticasi noted that sales are below the 10-year average and home listings above […]