Recent research from the Bank of Canada highlights an interesting trend I’ve been seeing in our local markets: rate cuts quickly ignite a surge in home sales, but new construction tends to lag behind. This means that when demand rises faster than supply, prices continue to climb—making affordability even more challenging, especially when unemployment stays low. In my experience helping clients navigate Metro Vancouver’s diverse neighborhoods, it’s clear that policies focused on increasing housing supply may have a more lasting impact on balancing the market than relying solely on interest rates. As always, I keep a close watch on these dynamics to provide you with current market analysis and the best advice, whether you’re looking to buy, sell, or invest.
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