Greater Vancouver
2
MLS®
resale Market Steady
MLS®
resale market conditions are
forecast to be in balanced territory in
most areas of the Greater Vancouver
region in 2012 and 2013. During
the past year, market conditions
moderated from sellers’ market
conditions for many municipalities in
the first quarter of 2011 to balanced
market conditions for most in the
first quarter of 2012. While a few
municipalities such as the Tri-Cities
and North Vancouver have remained
in sellers’ market conditions, others
such as Burnaby, Vancouver City,
and West Vancouver have moved to
balanced market conditions in the
first quarter of this year. Richmond
moved from sellers’ market conditions
in the first quarter of 2011 to buyers’
market conditions in first quarter of
2012.
Expectations are for a much smaller
increase in the number of MLS...