B.C. home sales drop 35% as rising mortgage rates bite

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B.C. home sales drop 35% from last year as rising mortgage rates bite

Steve Saretsky, Vancouver realtor and real estate specialist at Saretsky Group, told Financial Post’s Larysa Harapyn in a“I don’t think it’s as pronounced as what I’m hearing from Ontario, but I definitely think we’re going through the start of a housing correction here,” Saretsky said, adding that the beginning of the correction is most concentrated in the suburbs.

Saretsky said a confluence of factors are behind the decline, including the correction of the pandemic’s housing bull market and higher

 

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B.C. home sales drop 35% as rising mortgage rates biteB.C. home sales drop 35% from last year as rising mortgage rates bite 35% more to go as much as we need it and welcome it, we have such a housing crisis that I think we should slow down on letting more people in. they also say there will be food insecurities ...
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