B.C. home sales entering 'balanced market'

Vancouver

2022/09/19

Repeated interest rate hikes continue to drive the market from feverish activity to more stable and “balanced” conditions. The avg price in B.C. was $918,378 in August, ↓ 17%, but still ↑ 2.1% yearly. While total sales dollar volumes ↓ 39.6% yearly. BCREA still considers the market balanced between buyers and sellers.