Vancouver is one of the most desirable cities in the world to live in, and our real estate market is one of the most competitive and dynamic in North America.
Over the last 12 years, Adina and her team have consistently helped clients stay ahead of Vancouver’s housing market. We take the confusion and stress out of real estate by guiding our clients to make better decisions when buying and walk away with more money when selling.
Whether your goal is to get into the market, upgrade to your dream home, invest, or sell your current property, we’re here to help make it happen.
This channel was created to help educate our clients on what's really happening in the market, and to showcase some of our feature properties.
It’s good to see you highlight the discrepancy in sales to active ratio with breakdown. Certainly the lower priced products are more active. However, I wonder if there’s a trend within the breakdown segments. I’m wondering if sales to active for the low price units were much higher, ie. > 50% early months of this year. And that ratio, despite being above 20% AUG is one the way down.
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Can you discuss the primary residence gains tax the government keeps discussing? If they announce this in the 2025 budget, what will be the effect on the market?
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Interest rate starts to drop in June or July , you will see the market turn into all sellers market . Mortgage brokers said there is a lot of ppl applied for pre approved mortgage in April that is much higher than last few months. Waiting for the rate cut.
Yes there are lots of buyers on the sidelines now waiting for rates to drop. When rates finally start declining we'll likely see buyer activity pick and conditions will shift further in favour of sellers.
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Pre-approvals at lower rates are all used up now and I wouldn't expect an increase in demand, especially with the higher for longer interest rates. I'm seeing that condo listings are lingering for longer and longer, and demand is drying up. Numbers are looking very similar all across Canada, supply is way up and sales are way down. It's looking like we're about to enter into a strong buyers market in some areas for a long time, and as soon as people notice the trend of downward prices, demand will dry up even quicker.
And I think that people aren't used to living in an inflationary economy and don't realize that a 0% drop in the price of their home with 5% inflation rate for the year is actually a 5% drop in the value of their home. Inflation is masking the reality that home values are already dropping.
Good job . Unbiased analysis, just the numbers and a sensible prediction. Love it. I wish our corrupt left wing media could be this transparent and knowledgeable.
I've been watching alot of real estate videos lately, but what I really liked about this is the insight you bring. You general prediction @4:46 of the headwinds for the year and bring buyer and seller expectations together is spot on!
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