'Macro-Ality,' Not Seasonality, Is Ruling Our Housing Market

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

So far in 2023, our market hasn’t been following the script. So what does the dominance of macro-ality mean for our market going forward?

Instead of topping out in March, MLS sales in Metro Vancouver reached their apex in May, following five consecutive months of month-over-month increases — a pattern that is virtually unheard of in this market. That said, sales remain below long-run averages, despite the sustained growth.

So what does the dominance of macro-ality mean for our market going forward? Succinctly put, if the Bank raises its policy rate again in September – following the relative shock and awe of two hikes in June and July – expect sales to recede and inventory to continue to expand .

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين