i will leave this here:
Is the end near? Data shows Vancouver real estate bubble may be starting to burst | Globalnews.ca
Quote:
Last month there were a total of 2,618 listings for detached homes on the MLS and only 1,555 sales; a sales-to-listings ratio of 59 per cent. It is the lowest percentage of homes sold during the month of June since June 2013, the beginning of Vancouver’s sharp spike in home prices.
The effect was experienced throughout Metro Vancouver with some communities seeing a sharper drop than others. East Vancouver went from an 86 per cent sales-to-listings ratio in June 2015 to only 49 per cent last month.
Vancouver West saw a similar drop from 82 per cent in 2015 to 46 per cent in 2016.
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From looking at the Sales to listing ratio above, it looks like the last 3 months of 2016 (April/May/June) is not consistent with the prior 3 years in which the ratio rises in the summer months.
Unfortunately I have no idea if # of listings in 2016 are much higher than previous years or not