News: Vancouver Real Estate MarketAnother month of reduced demand, and increased supply
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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