Vancouver Detached Home Sales Plunge Nearly 40% From A Year Ago

ymeadmin Current Economic and Mortgage News, News

The market for detached homes in Vancouver has softened so much that it is “beginning to enter buyers’ market territory,” says the president of the region’s real estate board. A number of factors are conspiring against Vancouver’s market these days, including the foreign buyers’ tax, rising mortgage rates and a new “stress test” for borrowers.

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