Jul

Pricey Vancouver Housing Market Weakens With Buyers on Sidelines

Vancouver’s housing market showed continued signs of weakness in June, as affordability worries curb demand from buyers.

Sales were down 14 percent compared with May, the first monthly decline since January when tougher federal mortgage rules took effect, according to a report Wednesday by the Real Estate Board of Greater Vancouver. The number of transactions was 29 percent below the 10-year average for the month of June, the group said. Adjusting for seasonality, sales fell by about 5 percent to the lowest since 2013, according to Bloomberg calculations…

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Pricey Vancouver Housing Market Weakens With Buyers on Sidelines

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