Lagging Inventory Builds Demand as Bank of Canada Signals Hold on Interest Rates

REBGV Market Activity – January 2023 The current housing market in Greater Vancouver presents a timely opportunity for astute buyers. As interest rates have risen over the past year, the average home price has experienced downward pressure, leading to a decrease in the average cost of housing and the potential to build equity ...

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Fraser Valley real estate sales record slowest annual start in ten years; January new listings lowest in over thirty years

  SURREY, BC — The downward trend in Fraser Valley real estate sales continued in January as further interest rate hikes kept buyers sidelined.   With 626 transactions processed on the MLS®, sales were off by 12.6 per cent compared to last month and down by 52.2 per cent compared to ...

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