In many areas demand is increasing at a higher rate than supply. In areas like Kitsilano and Downtown Vancouver reasonably priced new listings are snapped up shortly after listing. It is again difficult to set up a series of showings because so many of the properties on MLS have accepted offers and many Seller's Realtors will not go the extra mile any more to give access.
However there are some great buys in buildings where developers are quietly selling condos the first Buyer has defaulted on - the selling price is now much lower than at the launch of the building.
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