This is 100% correct but keep in mind that this report is months behind the actual market. It is important to follow local new outlets but for up to date real estate news and trends touch base with Dale and me as the media is often late in reporting these changes as their analysis is reactionary given they do not follow or see the day to day trends.
The real estate market in the areas reported in this piece, such as East Vancouver, North Vancouver and Burnaby, have been seeing multiple since the first quarter of 2014. In fact, we saw these trends begin in the fall of 2013 and they carried into the New Year.
Toward the end of the video Cameron Muir offers sound advice in that one needs to prepare for the possibility of being in a competitive situation to ensure that you can put your best offer forward. For a quick reminder on how to best prepare yourself for a multiple offer situation take a look at my blog post from May 2014 (CLICK HERE) or call us today! Happy housing hunting!