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Steve Saretsky on Ask The Agents discusses latest BC Government housing policies and their potential impacts on the market.
Vancouver Detached sales have been at 20 year lows to start the year and March numbers suggest that trend will continue this spring. Particularly as mortgage rules begin to bite, and new policies that include higher taxes dampen demand.
Condo inventory remains at extreme lows despite weaker sales, multiple offers persist. I expect this to continue over the next couple months.