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What's REALLY Happening in Vancouver Real Estate Right Now?

Looking to buy or sell in Vancouver? Watch this video to get the latest insights on what's happening in the Vancouver real estate market, including the impact of the recent interest rate cut. Whether you're a buyer, seller, or just curious about the Canadian real estate market, this video is a must-watch! In this video, we'll dive deep into the latest market trends, including the significant 19.9% decrease in residential sales from May 2023 to May 2024, and a 3.46% dip from April 2024 to May 2024. We'll explore the reasons behind these changes, from higher borrowing costs to economic concerns, and policy interventions. The bank of Canada's reduction in the overnight interest rate by .25% for the first time in 4 years. With over 13,000 homes actively listed on the MLS® in the region, the market is shifting towards more balanced conditions. What does this mean for buyers and sellers? 🤔 Find out in this month's Vancouver real estate market update for June, 2024. _________________________________Channel Info_________________________________ This YouTube channel is everything you need to know about Living In Vancouver BC and my mission to help everyone Live, Love, Own Vancouver. Hey, everyone, I’m Craig Veroni with Real Broker. I’m a local real estate agent here in Vancouver, BC. I was named one of the top 50 video influencers in real estate, in North America, for the past 2 consecutive years for the way I utilize video to sell my clients’ homes and educate them as well. I shoot a ton of videos about what it’s like to live, love, and own here in Vancouver so, if you haven’t yet, please subscribe to my channel, hit that thumbs-up button and don’t forget to click on that bell so you can be notified immediately when I have a new video out about what’s it’s like to live here in Vancouver BC. ______________________________⏱️Timestamps⏱️______________________________ ______________________________Helpful Resources______________________________ If you'd like a phenomenal (FREE) market report covering every area of Metro Vancouver and its sub-areas, here it is. This report will keep you up-to-date on the amount of inventory in a certain area, the average list-to-sale price ratio, the average sale price, average days on the market and so much more. For your free Metro Vancouver Market Report, click here: https://bit.ly/GetYourFreeMarketRepor... For the definitive resource on everything you need to know about moving to Vancouver, click here: https://www.craigveroni.ca/moving-to-... Find Your Dream Home Now With Just A Few Clicks! https://www.craigveroni.ca Mortgage Payment Calculator: https://www.craigveroni.ca/mortgageca... Search SOLD home data for any neighbourhood here. https://www.craigveroni.ca/sold-listing I don't deal with rentals as they require a separate license here in BC but below are options for a paid service (concierge-level service) and free service (do it yourself). Free: https://www.rew.ca/rentals Paid Service: https://sycamorepm.ca/ Remember, this is where you Live. Love. Own Vancouver! ______________________________Follow Me Here______________________________ Facebook:   / craigveronirealtor   Instagram:   / craigveroni   Twitter:   / craigveroni   ❤ Enjoying the videos? Be sure to L I K E and S H A R E the LOVE ❤ Text or Call: 778-996-1922 Email Craig: [email protected] 📣 📰 New videos posted every Sunday📰📣 #vancouverrealestate #realestate #marketupdate #livinginvancouver #vancouverrealtor #liveloveownvancouver #vancouverhomesforsale #buyingahomeinvancouver #movingtovancouver #realestatevideoinfluencer