HOUSING PRICES TO DROP WITH CANADIAN CONSTRUCTION BOOM!

Posted by Brad Gannon on Tuesday, January 22nd, 2019 at 10:29am.

a screenshot of a cell phone: Unsold units in Vancouver will pile up over the next two years, even if developers cut new construction to zero.


Huge wave of new homes arrives


If the percentage of unsold new homes in Vancouver remains what it is, the number of unsold houses on the market will double in the metro area over the next two years as 40,000 new homes come on the market.
 
 
 

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