Home sales are expected to be muted for the rest of 2023 due to high inflation and a Bank of Canada overnight rate that has remained steady at five per cent.
Metro Vancouver is expected to finish off 2023 with the most sales across the province , followed by the Fraser Valley with roughly 14,500 units sold. The Bank of Canada held its key rate at five per cent Wednesday but indicated that there is the potential for more interest rate pain in the future.
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