B.C. home sales drop 35% as rising mortgage rates bite

Steve Saretsky, Vancouver realtor and real estate specialist at Saretsky Group, told Financial Post’s Larysa Harapyn in a“I don’t think it’s as pronounced as what I’m hearing from Ontario, but I definitely think we’re going through the start of a housing correction here,” Saretsky said, adding that the beginning of the correction is most concentrated in the suburbs.

Saretsky said a confluence of factors are behind the decline, including the correction of the pandemic’s housing bull market and higher

as much as we need it and welcome it, we have such a housing crisis that I think we should slow down on letting more people in. they also say there will be food insecurities ...

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Bank of Canada says some Canadians could see mortgage payments jump by 45% in 2025-26 as rates riseICYMI: Bank of Canada says some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise – via financialpost Economy financialpost So anybody out there still think this wasn't done by design? Repeat of 2008-2009 recession or worse. Build Back Better my ass. financialpost Thank liberals financialpost That's the chance you take when you grossly overpay for a house to begin with.
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Bank of Canada says some Canadians could see mortgage payments jump by 45% in 2025-26 as rates riseICYMI: Bank of Canada says some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise – via financialpost Economy
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