Rising Interest Rates Bring Caution To Close 2022
Posted on Jan 05, 2023
Metro Vancouver's housing market saw a decrease in sales in 2022 due to rising borrowing costs caused by the Bank of Canada's efforts to combat inflation. According to the Real Estate Board of Greater Vancouver, there were 28,903 residential home sales in the region in 2022, a 34.3% decrease from 2021 and a 6.6% decrease from 2020. The number of sa...