Golden / Kootenay Q2 Market Outlook

The Association of Interior Realtors has just released a 2nd Quarter Market Outlook. We are still seeing an active market in Golden despite climbing interest rates. We currently have more active listings than last year and prices continue to climb when compared to this time last year. Single Family Home numbers for Golden and Golden Rural areas are included here. You can find the full report for the Kootenays below.

Overall buyer sentiment in the region is slowly changing and has been exacerbated by the current media focus on inflation and rising interest rates. Buyers are more cautious as they watch mortgage rates rise, more than doubling in just a few months. The cost of borrowing has quickly escalated in direct response to the recent increase in interest rates from the Bank of Canada.

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