It is important to know all real estate markets change!
We are in a well documented 'up' cycle and the question everyone wants an answer to is.....how long will it last?
Well, we can't predict the future but we can learn from recent history. As you can see in the graph below, Metro Vancouver Detached Homes has had 'seven' distinct market cycles over the last decade. We measure between the various highs and lows during this period we can see these cycles move up and down lasted between 9 and 30 months.
Here's a close look at North Vancouver and at West Vancouver price trend the past ten years:
It's any ones guess 'when' conditions will change but what we know for certain...
conditions always, inevitable change course!
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