Great news! The Bank of Canada lowered the overnight lending rate by .25% or 25 basis points! Who does this impact and will it effect the current market in Vancouver? Buyers finally have a good amount of inventory to choose from. The total number of homes on the market in Greater Vancouver totalled 13,600 in May 2024. That's the 3rd most in the last 10 years. Every market, neighbourhood, property type and price point are performing differently.
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