Higher prices will create a drag on future sales of Vancouve

Higher prices will create a drag on future sales of Vancouver homes: CMHC report


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Metro Vancouver housing prices will continue to rise after the COVID-19 pandemic, creating a drag on sales growth as homebuyers’ budgets shrink, according to the Canada Mortgage Housing Corp.’s spring outlook Thursday.
CMHC senior analyst Braden Batch predicted that Metro’s housing market will face the same housing affordability and supply-shortage challenges that existed pre-pandemic.
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Higher prices will create drag on future sales of Metro Vancouver homes: CMHC Back to video
He said demand for housing in Vancouver last year went in two different directions: demand for home ownership expanded, and demand for rental housing receded.

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