STERLING WONG Personal Real Estate Corporation


+1 (604) 836-0506 


July 2018 Market Update

Buyers are less active today.  This is allowing the supply of homes for sale to accumulate to levels we haven’t seen in the last few years.  Rising interest rates, high prices and more restrictive mortgage requirements are among the factors dampening home buyer activity today.

With reduced demand, detached homes are entering a buyers’ market and price growth in our townhome and apartment markets is showing signs of decelerating.

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