As for the weather being hot, the real estate market on the other hand is not! We are experiencing interesting times, as some sellers hang on to higher prices and buyer's wait on the sidelines. Homes are definitely sitting on the market for longer and the shift to a Buyer's market has occurred. Mortgage rate hike announcements have been very recent and there is still uncertainty out there. Markets have their ups and downs. If you are a long term investor, meaning 5 plus years, a preferred hedge against inflation and stock market fluctuations has always been real estate. Buyers are showing higher interest into well priced condos for sale in select areas. It is a great time to buy in recession proof areas. North Vancouver is underpriced compared to downtown Vancouver and the rents are pretty much the same!
We are seeing more balanced market conditions resulting from rapidly increased mortgage rates, policymakers must continue to take action to boost housing supply to account for long-term population growth.
If you have any further questions on this market, feel free to reach out.
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#realestatetips #realeastetinvestment #home #professionalservices #lora #dreamhome #excellence #knowyourworth #real #realestate #realestateagent #realestateinvesting #realestateinvestor #realestatelife #realestatephoto #realestatesales #realtor #realtorlife #truthful #life #property #loveforsale