RSS

Metro Vancouver Real Estate Market Update June 2023

Metro Vancouver Real Estate Market Update June 2023

Here is the June Metro Vancouver real estate market update which means we're taking a look at the May 2023 numbers comparing them to the month before, and the year before to see how things are slowly moving along 

Vancouver real estate Monthly updates.

The numbers show that the real estate market is recovering, and this is good news for sellers and buyers alike. Whether you're looking to buy or sell, this market update is a great resource to keep in mind. We'll share with you the latest trends in the Vancouver real estate market, as well as some key statistics that will help you make the best decisions for your needs.

Pride Events Vancouver https://www.vancouverpride.ca/events

Rainbow refugee fundraiser event: https://www.tickettailor.com/events/rainbowbridgerainbowrefugee/885508

According to the numbers, the real estate market is recovering! But it's not there yet! Benchmark prices are still down across-the-board from last year. It's slow and steady wins the race. The bank of Canada raise the interest rate .25% on June 7 and will likely do it again in July. So what will that mean? Well typically what happens is the initial raise causes buyers to buy quickly to lock in their quoted rates and then a second race often causes a bit of a dip in purchase price due to a dip in purchasing power. Apparently the rates will start coming back down in 2024, but I would guess that will be later on in 2024.

For Tours, tips and a little fun follow me on:

Tiktok: https://www.tiktok.com/@thetylerburrows

Instagram: https://www.instagram.com/tylerburrow...

My Website: TylerBurrows.com

Also Check out the stats for yourself at: https://www.rebgv.org/market-watch/mo... Unless you’re a real estate enthusiast like me, it might not be easy to make these stats fun but I’ll do my best to help you out. If you are getting into the market, looking to grow in the market or just curious, learning how to interpret real estate market stats will help you in the long run. Make sure you take a look at my monthly market update! I encourage you to comment and question as much as you can either here or you can reach out to me at Tylerburrows.com or https://linktr.ee/TylerBurrowsRealtor

#REALrealestate #Vancouverrealtor #yvr #yvrrealtor #Vancouverrealestateagent #yvrzrealestate #touringwithTyler #Vancouverrealestate #buywithBurrows #bcrealestate #bcRealtor #tythelistingsguy #vancouverhomes #investvancouver #vancouver #beautifulhomes #hometour #retirementplan #vancouverhomes #vancouverrealestate #northvancouverrealestate #westvancouverrealestate #vancouverrealestateagent #greatervancouverrealestate #metrovancouverrealestate #vancouverrealestatemarketing #vancouverrealestatemarket #downtownvancouverrealestate #Realrealestate #realestatereels

Comments:

No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.