Inventory remains low in Metro Vancouver* while home sales dipped well below monthly historical averages in January. Due to low inventory levels in Metro Vancouver, home sales have dipped well below monthly historical averages in January 2023. The recent rapid rise in mortgage rates may have discouraged buyers and sellers from entering the market. However, it’s worth noting that the Bank of Canada has announced that it will pause further rate increases as long as economic data continues to support this policy stance. This could provide more certainty for home buyers and sellers in the market, which could potentially increase real estate activity in the future.. Click video for detailed analysis http://https://youtu.be/5quTxzohxKw
