📊 Greater Vancouver Market Update (Sep 16)
🔹 New Listings: 561
🔹 Sales: 212
👉 Sales-to-New Listings Ratio = 37.8%

🏡 Property Segments
✨ Detached Homes
Gap between list & sold ≈ $900K
➡ ️ High-end market shows clear bubble; buyers winning with steep discounts.

✨ Townhouses
Sold prices ≈ $190K below list
➡️ A middle ground: active negotiations, buyers can push, sellers can flex.

✨ Condos
Sold prices ≈ $100K above list
➡️ Rare signal ⚡ Bidding wars emerging, hot units being chased by buyers!

📌 Looking Ahead
Tomorrow’s Bank of Canada rate cut is expected to boost buyer confidence, especially for first-time buyers, condos, and townhouses. 🚀

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