“It’s hard to sell what you don’t have, and with new listing activity remaining among the lowest in recent history, sales are struggling to hit typical levels for this point in the year,”

After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

Oakridge, where 64 per cent are mortgage free. The top five includes Kerrisdale, West Point Grey, Arbutus Ridge and Shaughnessy, all under 61 per cent. Dunbar-Southlands is at 59 per cent