July 2022

“You Can’t Bet Against Vancouver”: Why West Coast Market Fundamentals Are Here to Stay

Posted on Jul 21, 2022

As the cost of borrowing rises, and homebuyers see their budgets shrink, home prices have softened in recent months in Canada’s largest urban markets. Metro Vancouver was no exception in June, as sales plunged 16.2% from May, leading to a 2.2% decline in the benchmark price to $1,235,900, the Real Estate Board of Greater Vancouver reports.

But that...

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