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What's Driving the Market
Interest Rates
The Bank of Canada has been adjusting rates in response to inflation trends. Current fixed rates hover around 5-5.5%, with variable rates slightly lower.
New Supply
Major projects like Oakridge Park (3,300+ homes), Cambie Corridor developments, and Marine Gateway are adding significant inventory to the market.
Population Growth
Vancouver continues to attract immigrants and interprovincial migrants, supporting housing demand across all property types.
Policy Changes
BC and federal housing policies continue to evolve, affecting foreign buyers, short-term rentals, and development approvals.
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