Its March 18th and inventory numbers for real estate listings in the REBGV greater Vancouver area just rolled over the 14k barrier. People are talking about this milestone in the forum and drawing comparisons to 2008 which was the last dramatic -though brief- market correction.
Inventory is now 14,027 and growing at a faster rate than it was then, with interest rates at record lows and forecast to rise soon. On March 15th 2008 inventory was at 12,482 and grew to reach 12,851 by April 1st 2008. Listings continued to grow through that year until they reached a high of 20,542 on October 15th.