USA Tariffs impacting housing activity....
The British Columbia Real Estate Association says housing activity slowed last month. According to a new report, residential home sales were down nearly 10 per cent last month compared to the year prior.
The average Multiple Listing Service residential price in B.C. was also down 2.4 per cent to $964,349 compared to $987,811 in February 2024.
Total sales were also down nearly 12 per cent compared to 2024, and down 28 per cent from the ten-year February average.
Will interest rate cuts by the Bank of Canada stimulate Buyers and sales? Stay tuned.....