Vancouver Real Estate Market Update for July 2024

The Vancouver real estate market has largely held strong in 2024, with prices rising for the first five months. However, a significant downturn appears to be building. High interest rates for two years, a ten-year low in sales volumes, and a spike in consumer and business insolvencies are all pointing to a decline in real estate prices.The June numbers are out, and we’ll dive into them to discuss how low prices may go. Additionally, we’ll provide updates on insolvency figures, the SSMUH initi...