Some of Metro Vancouver’s most well known “luxury” and multi-million dollar communities are seeing double-digit negative growth, year over year.
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Some of Metro Vancouver’s most well known “luxury” and multi-million dollar communities are seeing double-digit negative growth, year over year.
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After several hot months, the resale market has cooled significantly since February, as all property types have experienced declines in their median resale price.
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The Bank of Canada just raised its overnight lending rate to 1.5%, and our data shows that the Metro Vancouver cities are feeling the full effect of the rising rates.
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Are people in Greater Vancouver panicking because of the interest hikes? What are the data telling us?
See our HouseSigma report on the Greater Vancouver market for more information.
After a record high in February, the resale market is showing signs of cooling down as all property types have experienced declines in their median resale price in March and into early April.
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