Knowledge, Integrity, Humour

Lower Mainland housing weakness continues through August

September 7, 2024

Lower Mainland housing weakness continues through August

by Bryan Yu, Chief Economist, Central One Economics

 

 HIGHLIGHTS:

-Lower Mainland home sales remained low in August

-Full-time employment drove hiring contraction in B.C.

-Unemployment level rose to 5.8 percent in August

-Trade deficit increases

 

 

The struggling Lower Mainland housing market failed to gain any traction in August even as interest rates continued to slip. MLS home sales remained low in August even as interest rates continued to slip. MLS

 

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