Vancouver on track to see home price stabilization amid higher borrowing costs, real estate board says
The Real Estate Board of Greater Vancouver says higher borrowing costs combined with seasonal patterns are putting the housing market on track to see slowing sales and price stabilization.
The board’s outlook is being informed by August sales, which totalled 2,296, 13.8 per cent below the 10-year seasonal average.
Compared with a year earlier, August sales jumped more than 21 per cent.
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