The Challenge of Affording a Home in BC: Understanding Mortgage Rates and Market Realities


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Struggling to afford a home in BC? You're not alone. According to BC's Housing Minister, mortgage rates are one of the factors behind the province's increasing unaffordability.

In an interview with CTV News, the Minister acknowledged that rising mortgage rates, along with other factors such as supply and demand imbalances, are making it difficult for many British Columbians to buy a home.

If you're looking to buy a home in BC, it's important to do your research and understand the market conditions. Stay informed and don't hesitate to reach out to a qualified real estate professional for guidance.