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B.C. home sales slide almost 10 per cent in March despite mortgage rate drop

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B.C. Real Estate Association News

Multiple Listing Service,Residential Unit Sales,Interest Rates

VANCOUVER — Home sales in British Columbia fell by almost 10 per cent in March compared with the same period last year, in a slowdown an analyst says could...

VANCOUVER — Home sales in British Columbia fell by almost 10 per cent in March compared with the same period last year, in a slowdown an analyst says could be buyers waiting for lower interest rates.

Association chief economist Brendon Ogmundson says in a statement that potential homebuyers "appear to be waiting on the Bank of Canada to lower its policy rate."Ogmundson says March's decline caps off a "slow start" to the first quarter of 2024 despite a "steep" drop in fixed mortgage rates. Plane Passenger's Photo of Someone's Coat Covering Seatback TV Screen Sparks Debate: 'Ready to Get Triggered?'

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Home Sales in British Columbia Decline by 10% in MarchHome sales in British Columbia fell by almost 10 per cent in March compared with the same period last year, in a slowdown an analyst says could be buyers waiting for lower interest rates.
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