The Metro Vancouver market has once again demonstrated it's resiliency. 
Fewer listings than last year is fuelling a rebound to last years prices more swiftly than anticipated, and the incidence of multiple offers continues to escalate.
It remains to be seen if the increase in prices will encourage more sellers back into the market, which may alleviate some of the pressure. It is also difficult to predict whether the Federal Government will raise interest rates sooner than expected?
There are areas of Metro Vancouver where supply may be better for your particular needs, call me anytime to explore your options. 

In March the year over year sale price was down 17% In April it dropped to 9% narrowing the gap between 2022 and 2023 sale prices.
Month over month the number of listings increased by 74, however year over year there are 993 fewer listings compared to last year.
With sale prices moving towards the peak of last year, it is possible that we will see more sellers enter the market in May.
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