Vancouver’s homebuyers struggling with tight inventory

The low supply-high demand scenario in Vancouver is making sellers anxious and leaving buyers concerned that they are not getting the best home for their money.

Real estate agents report that some buyers are panicking as they try to get a home while interest rates are low but finding a home to suit their needs can be a tough call.

Although Vancouver house prices have risen sharply in the last year many sellers are betting on the growth continuing and are aware that waiting another month or so could make them thousands of extra dollars.

Realtor Keith Roy told the Globe and Mail: “It’s super tight inventory, and we have enormous demand.

"Every time you hear of a story where a house sells over asking with 10 offers, it means there are nine people who didn’t get a house and they are still shopping.” 
 

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