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,...