VANCOUVER — Home sales in British Columbia fell by almost 10 per cent in March compared with the same period last year, in a slowdown an analyst says could be buyers waiting for lower interest rates.
The overall dollar volume of home sales also fell 3.6 per cent from the same month last year, dipping to $6.6 billion. Ogmundson says March's decline caps off a "slow start" to the first quarter of 2024 despite a "steep" drop in fixed mortgage rates.
Source: Loan Digest (loandigest.net)
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