B.C. home sales drop 35% from last year as rising mortgage rates bite
Steve Saretsky, Vancouver realtor and real estate specialist at Saretsky Group, told Financial Post’s Larysa Harapyn in a“I don’t think it’s as pronounced as what I’m hearing from Ontario, but I definitely think we’re going through the start of a housing correction here,” Saretsky said, adding that the beginning of the correction is most concentrated in the suburbs.
Saretsky said a confluence of factors are behind the decline, including the correction of the pandemic’s housing bull market and higher
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