Prices remain steep, but prospective homebuyers in British Columbia may be gaining more selection thanks to slowing sales in a notoriously feverish market, say experts.
The BC Real Estate Association said last Thursday the Multiple Listing Service recorded that 9,900 residential units changed hands in July, a 3.4 per cent decline compared with July 2015.
But how is this affecting realtors home buyers and sellers with the new Foreign Homes Property Transfer Tax in effect?
Will this have the desired effect, to increase inventory on the market and make it more affordable for the middle class?
GUEST: Leo Wilk, Vancouver Realtor, TAC Realty