Downward trend of housing prices continue in Burnaby as interest rates increase

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“Home buyers are exercising more caution in today’s market in response to rising interest rates and inflationary concerns.'

Housing prices across Metro Vancouver continue to drop, with Burnaby seeing significant declines for the second consecutive month.

"After two years of market conditions that favoured home sellers, home buyers now have more selection to choose from and more time to make their decision.

 

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