Finding a B.C. home under $200K is a 'race against the clock'

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Finding a B.C. home under $200K is a 'race against the clock'
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Maple Ridge, Chilliwack and Delta are the cities with the most homes under this price.

In B.C., cities such as Vancouver, District of North Vancouver, City of North Vancouver, Coquitlam and Burnaby have zero homes under this price, according to a new report from Point2Homes. “The ones who really need to hurry and make up their minds are buyers in Abbotsford and Richmond. Each of these two cities had only one home under $200,000 at the time the data was gathered,” said the report.

Across Canada, 15 of the 50 largest and most expensive cities, eight of which are in B.C., have homes for sale under $200,000. The spring market saw a renewal of activity with buyers experiencing an increase in confidence. However, the recovery in sales has not been matched by available listings.

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