It seems warmer weather isn’t the only change that summer has brought home buyers across Metro Vancouver*, but also further increases to the growing residential property pool.
According to Daniel John, Chair at the Real Estate Board of Greater Vancouver (REBGV), “Home buyers have more selection to choose from and more time to make decisions than they did over the past year. Rising interest rates and inflationary concerns are making buyers more cautious, which is allowing listings to accumulate.”
Now operating in a changing marketplace, buyers are weighing up various home types, price, and potential locations, which is resulting in less homes being sold across the region.
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