July 2022

Mortgage Rate Hike Dampening Residential Market Activity

Posted on Jul 07, 2022 in Market Statistics

KELOWNA, B.C. – July 6th, 2022. Residential real estate sales for the month of June in the region are slowing after the recent mortgage rate interest hikes by the Bank of Canada reports the Association of Interior REALTORS® (the Association). A total of 1,466 residential unit sales were recorded across the Association region, marking a 30.3% decrea...

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