Both markets expected to see softening sales due to low supply and high mortgage rates
Housing sales in Metro Vancouver and Kelowna are expected to cool alongside the weather in the coming months.
This differs from other markets like Calgary and Edmonton, which are both expected to see an increase in sales ranging from 0.7 per cent to 4.5 per cent. Ash predicts the central bank will hold its overnight rate steady at five per cent following a 25-basis-point hike in July.
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