Well folks it looks like the Lower Mainland housing market, as predicted is changing and changing rapidly. With both a significant increase in the # of sales in both the attached and detached housing markets as well as more unconditional multiple offers, it looks like the time to watch from the sidelines is over. The reasons for this vary but are mainly due to significant price drops that have bottomed out and also a burgeoning market from overseas Canadians (not foreign buyers), mainly from Hong Kong, returning to jump into this now attractive and stable real estate market. My advice buy now!
Please read the attached article below for more information.