November 2023 - Vancouver Real Estate Market Update
Posted on Nov 10, 2023 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for November 2023.
Overall, what we're seeing in the market is an increased number of newly listed properties, bringing the total number of homes for sale slightly above the 10 year seasonal average. With more inventory, home buyers have more choice, are taking their time during...
October 2023 - Vancouver Real Estate Market Update
Posted on Oct 13, 2023 in Market Update
For the first time since February of this year, home sales dipped below the 3,000 unit mark in September. Sales dropped over 17% from August's 3,500 home sales. What happened to the Fall real estate market? Should the tagline now be "when leaves fall, sales fall?"
Hi, it's Cari Mai and this is your Vancouver real estate market update for September 2...
September 2023 - Vancouver Real Estate Market Update
Posted on Sep 15, 2023 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for September 2023.
Home sales have been falling for the 3rd consecutive month in August and inventory shrunk for the first time in 6 months. The cost of borrowing money was at its highest levels in 10 years last month which made market trends predictable. We're seeing price gain...
August 2023 - Vancouver Real Estate Market Update
Posted on Aug 12, 2023 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for August 2023.
Last month's sales volumes fell 22% from June 2023 and actually, month-over-month, the decline in sales far exceeded what's typical at this time of year. Over the past 10 years, sales usually dip around 9% lower in July than in June. This year however, the sales...
July 2023 - Vancouver Real Estate Market Update
Posted on Jul 14, 2023 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for July 2023.
Since the last update, the June 7th Bank of Canada interest rate hike of 0.25% happened and the weather just got hotter as the summer wore on.
We're now in July and school is out! Vancouverites are away on vacation. What this means for the Vancouver real estate mark...
June 2023 - Vancouver Real Estate Market Update: Sellers Summer Sizzle
Posted on Jun 09, 2023 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for June 2023.
Last month's sales were over 20% more than in April -- this is significantly more than the usual 4% bump in sales between the months of April and May. We're still seeing more available buyers relative to the number of sellers in the market which is the reason for k...
