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Metro Vancouver First Quarter Land Sales Drop 54% Year-Over-Year

Tougher times at the pre sale centres have forced developers to boost incentives and begin cutting prices, as sales fall and inventory builds across the spectre. In April, the pre-sale absorption rate dipped to just 28%, well into buyers territory. Given the drop in sales and steeper price reductions eating into margins, developers are not […]

The post Metro Vancouver First Quarter Land Sales Drop 54% Year-Over-Year appeared first on Steve Saretsky.

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