Residential and single-family detached housing prices continued to drop in January, a new report shows.
Last month's numbers also reflected a 21.1 per cent decline from the 1,295 homes sold in December 2022. "Looking forward, however, the Bank of Canada has said that it will pause further rate increases as long as the incoming economic data continues to support this policy stance. This should provide more certainty for home buyers and sellers in the market."Residential properties in Burnaby East hit a benchmark price of $1,079,300 last month , $954,400 in Burnaby North and $1,052,800 in Burnaby South .
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