February 2024

Inventory remains low in Metro Vancouver* while home sales dipped well below monthly historical averages in January.

Homebuyers in Canada are eager to enter the housing market, anticipating potential rate cuts from the Bank of Canada. A December sales rally and soft prices have fueled speculation of a heating market. The shift in market sentiment is evident, with increased optimism about home prices. Buyers, aiming to avoid rising competition, are jumping in, dri...