"(It's) a market that will have a lot of units for sale and more coming on stream."
As of Feb. 29, 2012, there were 6,000-plus condos for sale through the Vancouver Real Estate Board - up 15% compared to the previous year.
At the same time, sales of used condos were down by 18%.
Add to this the fact that - according to MPC Intelligence - there are some 8,000 pre-sale condos being launched in the first six months of this year.
Because you saw that correctly - a tsunami of pre-sale condos is about to descend upon the real market, a wave of product which will more than DOUBLE the current available condo inventory.
Now it all makes sense - the local real estate sales game is about to become a highly competitive sport.
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