Vancouver: Is the market primed for a comeback?

Kevin Skipworth, Managing Director at our partners Dexter Realty, highlights new data from the Real Estate Board of Greater Vancouver which shows sales increased 44% in May month-on-month. This marks the fifth consecutive month that sales have risen. With prices in prime areas such as West Vancouver 19% below their market peak and inventory levels markedly lower than during previous market downturns, analysts suggest the tide may be turning for the Vancouver market.