vancouver real estate market update

_________________________________ 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=81sHow To Sell A Home In Vancouver www.youtube.com/watch?v=psg1YQrI-Yg&t=687sHow To Buy A Home In Vancouver www.youtube.com/watch?v=p0EztR7YcWUThe Smith Manoeuvre www.youtube.com/watch?v=GmA6WKmQd_s&t=11sShould 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/3xMGFpZThe 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 saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 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 → bit.ly/TalkEXPwithUsThis 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

The stats are in for the last month of 2022 and while we know activity is low – we didn’t know it would be one of the lowest activity months ever recorded. Without a doubt Buyers and Sellers are digging in their respective heels to get what they want in this transitioning marketplace. Buyer’s are making the case for lower prices through tougher affordability and Sellers are still attached to the market that was here at the start of 2022. The divide between what Buyers are prepared to pay versus what Sellers are prepared to sell for is wide and it’ll take some time before we see more movement. That movement will come from the BoC shifting it’s position on it’s interest rate hike forecast along with compelling data that inflation is coming down – but alas, we aren’t there yet and it’ll likely be some months before we see higher levels of activity. With that said, there were a mere 1,206 new listings in the month of December and we sold nearly 1,300 homes. With inventory continuing to fall, it is artificially maintaining the market prices as Buyers struggle to find the quality they are looking for in the available inventory. Where do we go from here? The Bank of Canada will almost certainly be raising interest rates again this month – likely a quarter to half a point and this will depend largely on the inflation data we receive on January 12th. From there it’ll be a function of supply versus demand but with very few people listing, there won’t be much competition from other Sellers and many Buyers have parked their interest on the sideline until there’s better inventory quality. If you have a home in good shape and priced to market, it could be a surprising opportunity to sell now versus in the coming months when more listings will come to market._________________________________ 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=81sHow To Sell A Home In Vancouver www.youtube.com/watch?v=psg1YQrI-Yg&t=687sHow To Buy A Home In Vancouver www.youtube.com/watch?v=p0EztR7YcWUThe Smith Manoeuvre www.youtube.com/watch?v=GmA6WKmQd_s&t=11sShould 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/3xMGFpZThe 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 saleswww.thevancouverlife.com_________________________________ 👩🏼‍💼 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 → bit.ly/TalkEXPwithUsThis 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