Here's Daniel John's summary of the March 2022 housing market statistics.
While down from last year’s record numbers, home sale activity in Metro Vancouver’s housing market remained elevated in March.
"March of 2021 was the highest selling month in our history. This year’s activity, while still elevated, is happening at a calmer pace than we experienced 12 months ago. Home buyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire," said Daniel John, Chair, Real Estate Board of Greater Vancouver.
"March of 2021 was the highest selling month in our history. This year’s activity, while still elevated, is happening at a calmer pace than we experienced 12 months ago. Home buyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire," said Daniel John, Chair, Real Estate Board of Greater Vancouver.