Are prices actually going UP?

[Chris Williams]

I've been watching the Vancouver area for a while, looking to buy a small multifamily, or SFH with multi-living potential. I'm seeing something a bit surprising though - in the past few months, it looks like prices keep going up!

The same house listed on MLS for a few weeks, suddenly jumps $25,000 overnight. More than one house I've seen went to pending, but then went back on market with a HIGHER price!

Maybe I'm missing something here, but what the heck? Vancouver has a lot going for it, and I understand limited supply, but this seems bizarre (and off-putting).