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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...
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,...