Another healthy jump in real estate sales across the Lower Mainland in June is putting some areas “on the cusp” of a seller’s market where demand outstrips supply and pushes prices higher, according to reports released Thursday by the region’s major real estate boards.
The most recent sales results fit with Central 1 Credit Union’s latest housing forecast, which estimates that the surprise cut in mortgage rates earlier this year will produce a modest, steady rise in housing demand even as interest rates move higher in coming years. Read more here
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AuthorRasam Hafezi: Archives
March 2015
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