
There were 40 reported sales in the Westside over the past week. It is important to note that many of these sales took place in the latter part of December and early January, over the holiday period, and during a period of the worst snow accumulation I can remember in Vancouver (and we Vancouverites don’t do snow!). We saw an increase in the total Westside inventory (since January 1st) of 8%, up to 2,787. A good number of these new listings are in projects that are under construction, and in the Downtown core. We are also seeing a few of the previously withdrawn properties come back to market. We had a total of 251 new listings this week, and 114 price adjustments. Another rate announcement from Bank of Canada is on the horizon, and if mortgage rates soften, we may see some momentum return to the market.