Metro Vancouver* remains an incredibly sought-after location for many homeowners, with buyer interest and demand continuing to stay put at elevated levels. However, overall home sale activity dropped last month – a calmer outcome compared to last spring’s record pace.
Daniel John, the Real Estate Board of Greater Vancouver (REBGV) Chair commented on the current market movement since last year’s record numbers; “March of 2021 was the highest selling month in our history. This year’s activity, while still elevated, is happening at a calmer pace than we experienced 12 months ago. Homebuyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire.”
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