Is it a Buyers' Market? Is it a Balanced Market?
This indicator shows the relative balance between the demand for homes and supply of homes in the market. A high ratio denotes a market that is more in favour of sellers creating upward pressure on prices. A low ratio reflects a market in favour of buyers, putting downward pressure on prices. A balanced market is generally associated with a ratio between 0.15 and 0.20, where pressure on home prices is considered neutral.
Click here to see what's happening with average prices in East Vancouver per square foot.
Click here to see whether it's a buyers or sellers market with new construction and with reale housing in East Vancouver. Remember, a ratio below 0.15 is considered a buyers' market and above 0.20 is considered a sellers' market.