RE:RE:Real estate board of Vancouver
redcoats wrote: About the same in Victoria:
https://www.timescolonist.com/business/greater-victoria-real-estate-market-limps-into-2023-6474050
But do you see the really interesting part?
In your article, about Vancouver:
"The total number of homes currently listed for sale on its listing service is 7,478, a 32.1 per cent increase compared with January 2022 and a 1.3 per cent increase compared with December 2022".
In the Victoria article:
"There were 1,739 homes listed for sale at the end of January, compared with 744 at the same time last year".
So, where does most of UI's revenue come from?
Ugh huh, Ugh huh!
The key metric to look at is "new listings" and this is down BIG time due to the fact that people don't want to put their houses up for sale with new mortgage rates. They will delay as much as possible.
The fact that you mentioned active listings has increased only validates that homes are sitting on the market. You are looking at the wrong metric permabull.