It’s becoming more and more clear that the Bank of Canada is nearing the top of its current rate hike cycle as the latest inflation print showed real signs of slowing, down 0.5% to 6.3%, a welcome reprieve considering the last 9 months. However that likely won’t change the outcome of next week’s rate hike which will almost certainly come in at 0.25% – a number largely baked into today’s economy.
We also take a look at some of the major headlines reported this week in real estate, including comments from the Deputy Head Economist of CMHC who feels “We’ve seen quite a large price decline but there’s such a shortage of new construction of new houses in Canada that this inexorable rise in demand is just going to continue in the future,” Iorwerth said. – “Don’t know exactly when it’s going to kick in again, but the shortage in supply means the prices can’t go down too much further.”
Even the Canadian Real Estate Association has predicted prices will fall another 6% from their peak in 2022 and level out throughout 2023. They were even so bold as to predicted sales volume will increase by 10.2% in 2024; however if the last two years has taught us anything, it’s that predicting two years into the future with any degree of accuracy is a very difficult thing to do, especially considering the geo-political environment the world finds itself in. Any abrupt changes to our supply chains, to energy, fuel, and labour supply could pose a serious threat to the rebound from which our economy recovers from.
_____________
Contact Us To Book Your Private Consultation:
📆 https://calendly.com/thevancouverlife
🏡 Valuable Videos For Buyers & Sellers 🏡
Top 3 Must Do’s Before Buying www.youtube.com/watch?v=9LJ9ewil2A4&t=81s
How To Sell A Home In Vancouver www.youtube.com/watch?v=psg1YQrI-Yg&t=687s
How To Buy A Home In Vancouver www.youtube.com/watch?v=p0EztR7YcWU
The Smith Manoeuvre www.youtube.com/watch?v=GmA6WKmQd_s&t=11s
Should I Buy Or Rent? www.youtube.com/watch?v=F7UNlG34BI0&t=710s
🏡 Visit our website to see active listings and valuable Real Estate information 🏡
→ The Vancouver Life: https://bit.ly/3yN25V7
💥 Follow us on Social Media 💥
→ Instagram: https://bit.ly/3jSkRo1
→ Facebook: https://bit.ly/3g05bxK
→ Twitter: https://bit.ly/3xMGFpZ
The Vancouver Life Real Estate Group are licensed Real Estate Agents at eXp Realty Vancouver / eXp Realty Canada:
🏆 Top 3% Agents 2019, 2020, 2021
🏆 Medallion Club Members 2019, 2020, 2021, 2022
🏆 Over $250,000,000 in sales
_________________________________
👩🏼💼 REALTORS! Unlock the secrets of Top Producing Agents, learn the power of passive income and get exclusive access to real estate projects – all for FREE 👨🏼💼
Level up your production and dominate ATTRACTION Marketing that creates INBOUND Leads – all taught by 3 Top Agents.
📆 Book a Private 1-on-1 to learn how we help agents DOUBLE their business → https://bit.ly/TalkEXPwithUs
This is a taste of what our Coaching Team can offer you, free of charge!
🆓 Level 10 Agent Coaching Systems & coaching calls every week
🆓 YouTube, social media & online lead generation coaching
🆓 Google Ads coaching
🆓 Online lead generation program
🆓 Online lead conversion program
🆓 90-day Coaching new agent training program
🆓 Your Assistants trained & hired
🆓 Your Inside Sales Agents trained & hired
🆓 Access to our private Facebook mastermind Group
🆓 Access to 1-on-1 support
🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more…
👉 Learn more at https://bit.ly/level10agent