August Market Update

The expected summer market slowdown has still not quite arrived.  There are still many multiple offer situations in greater Vancouver particularly East Vancouver single family homes. It is still a sellers' market for most attached home categories in Vancouver but the feeling on the streets is that this is slowly starting to shift with certain product lingering on the market.  If you are looking for a house on Vancouver's west side, now may be a good time as it's a buyer's market.   

It is hard to predict what to expect in the coming weeks.   Will low inventory keep prices up?  Will recent interest rate hikes finally have a downward pressure on the market? Please feel free to reach out if you would like to discuss these or any other real estate questions.