We saw housing sales volumes across Greater Vancouver decrease for the 4th consecutive month.
We're seeing volumes going back to early 2019 levels with total listings on market remaining very constrained - 17% below the 10-year average listings count for July. Homes priced right and presented well are still selling (sometimes in multiple offers too...
Higher interest rates causing home listings to accumulate, sales volumes are decreasing and prices are trending downwards ↘️ Home Buyers are becoming more cautious in today's Greater Vancouver housing market!
[*Correction: Bank of Canada interest rates rose 1% on July 13th, 2022. In the video I said 0.75%...oops!