News: Vancouver Real Estate Market

 
Gorgeous Georgian style 2 bedroom and den (or possible third bedroom) townhouse in the quaint Osprey Village, nestled along the shore of the Fraser River and Pitt Meadows' scenic river walk. The bright loft-inspired interior features 9 foot ceilings, huge windows, custom built-ins, laminate floors throughout and a unique open-riser staircase creating an airy ambiance and a sense of space. White contemporary kitchen with soft close cabinetry, stainless steel...
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Vancouver

photo by Aditya Chinchure

Decreased demand continues to allow the supply of homes for sale to accumulate across the Metro Vancouver* housing market.

Last month’s sales were 43.1% below the 10-year April sales average.

"Government policy continues to hinder home sale activity. The federal government’s mortgage stress test has reduced buyers’ purchasing power by about 20%, which is causing people at the entry-level side of the market to struggle to secure financing," Ashley Smith,...

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