Canada’s Housing Market Snapshot
How did the Canadian housing market fare in 2020 with pandemic lockdowns? The Canadian Real Estate Association (CREA) was just released an infographic to show the year in review:
West Vancouver Real Estate Snapshot
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. West Vancouver sales-to-active listings ratio (SAR) for January 2020 was 8.5% for detached homes, 12.1% for condo’s and…