“Surprising comeback?” Metro Vancouver real estate market update for May 2023

Here is the Metro Vancouver real estate market update for May 2023 which means we're gonna be talking about the April Numbers. real estate Board of greater Vancouver mentioned a surprising come back in their last market update for the April numbers 2023. And this video we're gonna be going over those numbers and talking about what they meant by a surprising comeback.

Remember when you're going over these numbers to keep in mind that this is Metro Vancouver, and not a specific area if you're trying to look for specifics, you can follow the link to the real estate Board of greater Vancouver's website and take a look at the market stats in a more specific area or feel free to reach out to me and I can give you some more accurate statistics for your product type and location. One other thing to keep in mind when you're going over statistics is if you're looking at market trends don't just look Monte month year to year but also multiple years in a row. I'm sure you heard that 2021 and 2022 were record highs here in Metro Vancouver, but also all over the world and then in 2023 we saw a significant downfall. We're still seeing some of that fall off in the GVRD and around Canada. Closer to Vancouver is starting to level out, according to the numbers, but also keep in mind for investment purposes, real estate like any other investment is not necessarily guaranteed. My favourite part about real estate as an asset is that you can live in it! 

Here a link to the strait Board of greater Vancouver's market watch where you can find these numbers for yourself and numbers from previous months and years. https://www.rebgv.org/market-watch/monthly-market-report.html

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