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!
Sales:
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.
Follow me on Social!
Instagram: https://www.instagram.com/carimai/
Facebook: https://facebook.com/carimairealestate/
Website: https://www.carimai.com/
Subscribe to my monthly newsletter for regular market updates: http://eepurl.com/g5X3UL
