Home sales in parts of Metro Vancouver and the Fraser Valley rose over 32% from January but fell 8.4% year-over-year. The area remains a buyer’s market with a sales-to-active listings ratio of 10%, below the balanced market range of 12-20%. Inventory is 51% above the 10-year average. Prices declined, with single-family homes down 8.6%, townhomes 7.1%, and apartments 8%. Sales are slow despite lower prices and mortgage rates.
Continue to full article
Leave a Reply