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As inventory increases, price gains relent in Metro Vancouver to begin the fall season

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In September 2023, Metro Vancouver's housing market saw abated price gains due to a seasonal decline in sales and a modest increase in inventory levels, which was driven by a reluctance of homeowners to list their homes due to high mortgage rates. New listings rose back to the 10-year average, allowing inventory levels to recover modestly, while sales slowed due to seasonal factors, resulting in more balanced market conditions.

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