Where Did All The Buyers Go?

Home sales dropped 35% from this time last year in the Vancouver area, and a full 43% in the Fraser Valley. Toronto saw a similar decrease at 41%. This is the third consecutive month of declines where the sales sit at 23% below the 10 year average. The landscape is now vastly different than it was 3 months ago when buyers lined up to compete for the same home. Now, homes are sitting, prices are dropping, properties can be negotiated, a...