Bank of Canada cuts rates to 3%! What does this mean for Vancouver real estate? Lower borrowing costs could boost demand, impacting prices and market activity. Learn how this rate cut affects buyers and sellers, and what to expect next. Get expert advice on navigating Vancouver's changing market.
The Bank of Canada's recent interest rate cut is expected to boost homebuyer activity in 2025. Learn how lower borrowing costs, pent-up demand, and new mortgage rules will impact the Canadian housing market, including increased competition and potential price growth.
Metro Vancouver's housing market experienced a significant increase in sales activity in November 2024, with a 28% year-over-year rise. While prices remained relatively stable, increased demand and a potentially tightening supply could lead to upward pressure in the coming months. This report provides an in-depth analysis of key market trends, including sales activity, new listings, and price changes in Metro Vancouver, with a focus on Ladner and Tsawwassen.
