Hi, I suggest listening in on Don’s behind the curtains. While mortgage rules are proposed to continue to tighten, the Fraser Valley is where affordability (somewhat) still is around Vancouver. Detached prices still need to adjust a bit but attached prices are forecasted to continue to rise
Higher end will adjust downwards but medium to low end will NOT. NDP voters will marvel that the averages have come down as a $10M acreage selling for $8M now is a 20% price drop whereas the average $800,000 TH will stay flat at best or go up.