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February 2023 Market Stats! The lack of inventory is balancing the interest rate increases. To date, it's been a busy quarter with 50+ showings. ------- Below average home sales allow inventory to inch upwards February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s* housing market, leading to below-average

Inflation, rising interest rates create caution across Metro Vancouver’s housing market Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease