In real estate months of inventory, MOI, is defined as the amount of time (or months) it would take for all current MLS® listings to sell given that no new listings enter the market. MOI is calculated by dividing the total number of homes for sale by the total number of homes sold for a…
Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022. After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation. The Real Estate Board of Greater…
