Amidst a slowing Vancouver Real Estate market which witnessed the detached segment register a twenty seven year low in sales for the month of March, the Vancouver condo market appears to be undergoing a cooling of it’s own. Vancouver condo sales trickled in at just 508 sales for the month, it’s lowest total since the year 2013. It was the second annual decline and a 43% decline from it’s peak in March 2016. However, despite the obvious slowdown and decline in buying activity, multiple offers remain consistent. A total of 48% of Vancouver condo sales sold above the asking price in March, an 11% jump from the year prior.

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