🚨 Big News! The Consumer Price Index (CPI) increased by just 2.0% in August, the slowest growth since February 2021. Inflation is cooling, and experts predict interest rate cuts! 📉🏡
What does this mean for YOU?
💡 Buyers: Now’s the time to act! With interest rates expected to drop, prices will soon hit a turning point and start rising again.
The Fraser Valley residential resale market continued its cooling trend in August as affordability challenges persist for homebuyers.
The Fraser Valley Real Estate Board reported 1,067 sales in August, down 13% from the previous month and 30% below the 10-year seasonal average. This marks the second slowest seasonally adjusted sales in a decade.