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Under Market Updates

Emerging Housing Market “New Normal” : Rates Easing Cycle, Flexible Pre-Sale Incentives in Q4 and Beyond

The Bank of Canada solidified its position on quantitative easing with a third consecutive rate cut in September, trimming the benchmark rate by a quarter-point to 4.25%. As we move … [read more]

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Bank of Canada Recent Rate Cuts Not Managed to Coax Buyers in Greater Vancouver Off The Sidelines

The Vancouver-area real estate market is moving closer to buyer-friendly territory as inventories surged in September but sales stayed stubbornly sluggish, said realtor groups. Recent interest rate cuts by the … [read more]

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Metro Vancouver Inventory Up 31.2% & Residential HPI Represents A 1.8% decrease Y/Y, Giving Buyers A Break

Metro Vancouver home sales declined by 3.8% in September 2024 compared to September 2023, suggesting that recent interest rate reductions are having a limited effect on demand so far. The … [read more]

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Fraser Valley Housing Market Factors in Affordability Challenges & The Anticipation of More Interest Rate Cuts

SURREY, BC — With active inventories hitting levels not seen in 10 years and sales 30% below the 10-year average, Fraser Valley real estate is building towards a buyer’s market … [read more]

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