June 2025

Buyers remain hesitant as inventory builds

Posted on Jun 09, 2025

VANCOUVER, BC – June 3, 2025

 May saw inventory levels across Metro Vancouver* reach another ten-year high, while home sales registered on the MLS® remained muted.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled
2,228 in May 2025, an 18.5 per cent decrease from the 2,733 sales recorded in May 2024. This
was 30...

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May brings much-needed lift to Fraser Valley housing market

Posted on Jun 09, 2025

For Immediate Release: June 3, 2025

SURREY, BC – On the heels of a quiet April, Fraser Valley home sales saw a modest but encouraging uptick
in May — a sign that buyer confidence may slowly be returning to the market.
The Fraser Valley Real Estate Board recorded 1,183 sales on its Multiple Listing Service® (MLS®) in May, up
13 per cent from April. Desp...

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Bank of Canada holds policy rate at 2¾%

Posted on Jun 09, 2025

FOR IMMEDIATE RELEASE
Media Relations
Ottawa, Ontario
June 4, 2025

The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

Since the April Monetary Policy Report, the US administration has continued to increase and decrease various tariffs. China and the United States have s...

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