Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer

Buyers continued to feel the pinch of higher and still-rising interest rates in July, with sales dipping for a second consecutive month after four months of increases. With sales down and new listings up, inventory continued to expand at a time of year that’s usually characterized by housing supply…

With the benchmark for apartments at $767 thousand dollars, we repeat our call to the provincial government to adjust the $525 thousand dollar threshold exempting first- time home buyers from the Property Transfer Tax. This would better reflect the price of entry-level homes in our
region.