A new quarterly report on the Metro Vancouver housing market says there's a high degree of vulnerability in the market, but prices are down, and inventory is up, which means buyers will find some advantage. "This housing market assessment is an early warning system for vulnerabilities in the housing market," said Eric Bond, market analyst with CMHC. He said that's still very low, relative to the population, but it means there's more choice for buyers. "You have a period of high prices that are not really closely aligned to people's purchasing power, and where people have borrowed a lot of money to get into the housing market," he said. Gordon added that people who have paid high prices for their homes are vulnerable to the possibility of rising interest rates, rising unemployment, or some other macro-economic shock.

Source: CBC News May 02, 2019 15:00 UTC