Foreign Investors Now Targeting Surrey Pre Sales
It wouldn’t be a typical day in Vancouver real estate without another debate over supply. The latest numbers out from UDI (Urban Development Institute) highlights new construction is far outpacing population growth. Metro Vancouver’s net population change was down 11% from the same quarter last year and down 26% from the five year average. Further, The current ratio of 1.3 new residents per housing start is well below the five year average of 2.1 new residents per housing start.