Spring ushers in calmer housing market trends in Metro Vancouver

Posted on Jun 06, 2022



VANCOUVER, BC – June 2, 2022

– After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver* this spring due, in large part, to rising interest rates.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,918 in May 2022, a 3...

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Home prices soften as Fraser Valley housing market cools amid lower sales and higher inventory

Posted on Jun 06, 2022

Fraser Valley Real Estate Board
For Immediate Release: June 2, 2022

SURREY, BC – As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since the pre-pandemic period.
Sales of all property types in May were 1,360, down 16.9 per cent from April’s 1,637; an...

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Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

Posted on Jun 06, 2022

FOR IMMEDIATE RELEASE
Media Relations
Ottawa, Ontario
June 1, 2022

The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative tightening (QT).Inflation globally and in Canada continues to rise, largely driven by higher prices...

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