The Real Estate Board of Greater Vancouver’s outlook is being informed by August sales, which totalled 2,296, 13.8% below the 10-year seasonal average
The Real Estate Board of Greater Vancouver says higher borrowing costs combined with seasonal patterns are putting the housing market on track to see slowing sales and price stabilization.
The composite benchmark price for Metro Vancouver hit $1,208,400, a 2.5 per cent increase from August 2022 and a less than one per cent decrease from July.
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Vancouver on track to see home price stabilization amid higher borrowing costs: boardThe Real Estate Board of Greater Vancouver says higher borrowing costs combined with seasonal patterns are putting the housing market on track to see slowing sales and price stabilization.
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