September 2022 - Vancouver Real Estate Market Update: Back to School
Posted on Sep 14, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for September 2022.
August is traditionally a slower sales month but with the rise of inflation and interest rates, we saw home sales volumes across Greater Vancouver dip 29% below the 10-year average sales volume for August! Home Sellers appear to also be "holding out" on listin...
August 2022 - Vancouver Real Estate Market Update: Still Alive!
Posted on Aug 10, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for August 2022.
Last month we saw housing sales volumes across Greater Vancouver decrease for the 4th consecutive month. Current conditions favor buyers in the regions detached home market for the first time since Spring 2020! Despite all the doom and gloom we read about on the...
July 2022 - Vancouver Real Estate Market Update
Posted on Jul 13, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for July 2022.
Last month, we saw higher interest rates cause housing inventory to accumulate with sales volumes decreasing and prices shifting downward.
Home buyers are more cautious now and quite a few of them are waiting on the sidelines to 'watch' the market.
The MLS benchmark...
June 2022 - Vancouver Real Estate Market Update
Posted on Jun 15, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for June 2022. Reporting live from London, England
Last month, we saw a calmer housing market with home buyers taking more time to make a decision, do their due diligence, and explore different housing options.
Sellers saw fewer multiple offers and a return to more typical sales...
May 2022 - Vancouver Real Estate Market Update: Are We Levelling Off?
Posted on May 11, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for May 2022.
Last month we saw sales volumes level off towards more typical levels for April! We're cooling down from the record breaking sales pace from last year in 2021. Sales volumes are currently just 1.5% above the 10 year April sales average. This cooling down will allow...
April 2022- Vancouver Real Estate Market Update
Posted on Apr 14, 2022 in Market Update
Hi, it's Cari Mai and this is your Vancouver real estate market update for April 2022.
As predicted from last month, we're starting to see the Greater Vancouver real estate market turn. This is normal - the real estate market is cyclical! What goes up, must come down...or slow down!
Over the past month, we saw the 5 year fixed mortgage rates pop up o...
