Knowledge, Integrity, Humour

July 2022 Stats

August 9, 2022

Homebuyers, investors take advantage in this market

HIGHLIGHTS OF THE JULY 2022 REPORT

●Average 5-year mortgage rates are up just 1.4% from six months ago.

●First-time homebuyers in B.C. are down 46% compared to a year ago.

●Foreign homebuyers now account for just 1% of Metro transactions.

●July benchmark detached house price is up $47,500 from January 2022.

●The number of active listings are in decline