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...

Read More

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...

Read More

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...

Read More