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VREP #378 | Will Canadian Real Estate Prices Drop in the Second Half of 2023? With Royal LePage President Phil Soper

Vancouver Real Estate Podcast

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The Slow Down of Interest Rates

The official CPI consumer price index inflation number fell to 3.4%. The last data we had, which turned out to be an aberration, was 8.1%, 39 year high. I think we're closer to when interest rates will not just have peaked, but we'll begin their gradual descent towards someplace in between those pandemic lows and today's highs.

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