Metro Vancouver home buyers compete for fewer home listings in October.
Home sale activity continues to outpace what’s typical for this time of year and the pool of homes available for sale is in decline. This dynamic between supply and demand is causing home prices to continue to edge up across the region. Rising fixed mortgage rates should eventually help ease demand, but sales remain strong and buyers with rate holds will remain motivated to find a property.
Victor Song PREC*
Royal LePage Sterling Realty
604-779-8408
info@victorsong.com
www.victorsong.com
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