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September 3, 2019 | Vancouver Condos Following Detached Homes Lower

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

This is not great for owners, especially highly levered ones, but it’s essential progress toward restoring affordability and investment value in residential real estate. Mean reversion is a process.   Further price declines are likely in the months ahead.

Another sign Metro Vancouver’s once-hot housing market is cooling off can be seen in new data from Royal LePage, which shows a massive drop in the price per square-foot for condos. Here is a direct video link.

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September 3rd, 2019

Posted In: Juggling Dynamite

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