The Vancouver Sun featured interviews with UBC business professors Tsur Somerville and Tom Davidoff for a story on sale changes.
“Declining sales matching with rising listings is exactly the type of first thing we start to see when markets start to change,” Somerville said. “We see sales changes, volume changes before we see price changes.”
Davidoff added that the Bank of Canada’s recent prediction of a possible “correction” to Canada’s housing market might have scared off some buyers.
The story also appeared in The Province.