A modest increase in Fraser Valley home sales in May suggests buyers remain engaged, albeit cautiously as economic uncertainty continues to temper the pace of the spring market.
Led by slow sales in the apartment segment, home sales registered on the MLS® in Metro Vancouver were down nearly four per cent in May compared to last year.
Spring sales have been stronger than last year, reflecting improved affordability stemming from lower selling prices and borrowing costs. Sales are forecast to improve further as we move through the second half of this year. Recovery would be further bolstered by positive news on the trade front, along with an easing of geopolitical tensions and related uncertainty.
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