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November 11, 2021 | The Saretsky Report – October 2021

Steve Saretsky

Steve Saretsky is a Vancouver residential Realtor and author behind one of Vancouver’s most popular real estate blogs, Vancity Condo Guide. Steve is widely considered a thought leader in the industry with regular appearances on BNN, CBC, CKNW, CTV and as a contributor to BC Business Magazine. Steve provides advisory services to banks, hedge funds, developers, and various types of investors.

The Greater Vancouver housing market continued to rip in the month of October. If you focus squarely on sales you’d be missing the forest for the trees. Sales were officially down 5%, a small drop from last years all-time record high. However, new listings absolutely plunged, dropping 28%, and total inventory for sale dropped a whopping 38%. Inventory levels across Greater Vancouver are currently at their lowest levels in at least a decade.

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November 11th, 2021

Posted In: The Saretsky Report

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