Sub Million Dollar homes for sale on Vancouver's West Side

With the new mortgage rules, which came into effect on July 9th, we now have a situation where CMHC insurance will no longer insure homes in excess of $1 million.

Not too long ago you couldn't find any detached single family homes listed for sale on the West Side of Vancouver for under $1 million.

Will the new regulations change that?

Above is a screen shot of the MLS taken this evening.

The map isn't empty... six lowly dots now appear on the screen (two of which are lease properties on Musqueam land).

It will be interesting to chart what sort of changes the real estate landscape creates as the year moves along.

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