This month: house sales up 14%. Condo sales down 10.7%.
The gap is widening. And it’s not just Metro Vancouver.
The Fraser Valley just posted its first year-over-year sales increase in more than a year, with detached sales up 25%.
Same divergence, even more pronounced.
Here’s what’s happening: when prices fall together across all segments, the dollar gap between a condo and a house compresses. Move-up buyers have figured out that this is when upsizing becomes more affordable, not less.
One month was interesting. Two months across two boards is a regional shift.
π¬ If you own a condo and you’ve been wondering whether the move-up math works for your situation, send me a message.
π Full breakdown in the video β¬οΈ
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π€ Victor Song PREC* π Royal LePage Sterling Realty π 604-779-8408 βοΈ info@victorsong.com π www.victorsong.com