From my e-news: Variables at play, early 2023
February 22nd, 2023
Many factors continue to buffet Vancouver real estate. Indirectly, strong reported inflation (never mind the unreported inflation); a downturn in the equity markets; talk of recession; the Ukrainian war; currency fluctuations, etc. Directly, large and continuing interest rate increases (perhaps stabilizing at much higher rates now?); stress tests; foreign buyer restrictions and taxes; vacancy ...