According to this article in todays Vancouver Sun condo inventories have risen sharply over the last six months.
Greater Vancouver real estate markets saw a 55 per cent increase in inventory of unsold presale condominium units over the last six months, which may trigger a slowdown in future development, PricewaterhouseCoopers reported today.
The rising inventory is likely a result of fewer buyers being able to afford Vancouver’s high-flying prices, Craig Hennigar, vice-president of PricewaterhouseCoopers Real Estate (PsC), said.
Hmm rising inventory, fewer buyers able to afford asking prices. But prices will keep going up right?
update: Here’s the same story in Fridays issue of the Province.