July 2022 - Vancouver Real Estate Market Update

Higher interest rates causing home listings to accumulate, sales volumes are decreasing and prices are trending downwards ↘️  Home Buyers are becoming more cautious in today's Greater Vancouver housing market!

[*Correction: Bank of Canada interest rates rose 1% on July 13th, 2022. In the video I said 0.75%...oops!

Down 35% from June 2021
Down 16% from May 2022
Down 23% below 10-year June sales average

New Listings: 
Down 10% from June 2021
Down 18% from May 2022

Watch to closely to find out an important tip for upsizers and more about changes to current interest rate conditions are affecting Vancouver's real estate market today. 

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