New listings, housing starts flirt with record lows in August

Highlights of the August Report

• Total new listings in August the lowest in more than 28 years

• Ladner townhouses and condos fall to 1-month supply

• At least six major condo projects have stopped or stalled this year

• Existing condos, townhouses can’t be replaced at their current value

• Surrey strata housing starts fall 69% this year compared to 2021

• Port Coquitlam is down to 2 months supply overall and 1 month supply for townhouses

A fantastic time to look into your purchase of your next home! With less competition and softer prices leave it to me to find that perfect dream home or investment opportunity!

If you are looking to buy or sell a home or investment property, please call me.

I’m happy to help!