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Slow housing market: REBGV

Darpan News Desk The Canadian Press, 05 Sep, 2023 01:45 PM
  • Slow housing market: REBGV

Vancouver's housing market is on track to see slowing sales and price stabilization.

The Real Estate Board of Greater Vancouver says that's because of higher borrowing costs combined with seasonal patterns.

The board's outlook is being informed by August sales of about 22-hundred units -- 13.8 per cent below the 10-year seasonal average.

It comes as a new report from Re/Max Canada predicts the country's real estate market will be softer this fall, with average home prices expected to remain flat

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Ottawa police identify 15 suspects in storming of Senegalese Embassy

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Ottawa police identify 15 suspects in storming of Senegalese Embassy

Man and his dog attacked by racoons

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Man and his dog attacked by racoons

Census workers logged hundreds of cases of violence, harassment by public: documents

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Census workers logged hundreds of cases of violence, harassment by public: documents

Terms of new contract that resolved British Columbia port dispute are released

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Moon mission with Canada's Jeremy Hansen remains on schedule for November 2024: NASA

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Moon mission with Canada's Jeremy Hansen remains on schedule for November 2024: NASA

Pilot program seeks to reward companies that better protect temporary foreign workers

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Pilot program seeks to reward companies that better protect temporary foreign workers