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Market Update – June 2018

June 8, 2018 by Editor

June Market Update

Given all the changes in regulation, taxation and mortgage rules – not to mention the normal cyclical nature of this business – the real estate market is undergoing changes.

On the one hand, we have several supply and demand factors indicating continued strength in the market: still low interest rates, a strong economy, steady population growth, limited land for development, max’ed out building trades, and growing lead times for development permits. And of course we are a desirable place to live in the world, with an attractive dollar in world economic terms.

On the other hand, several factors are conspiring to limit the market in different ways: exceptionally high prices, a number of new taxes and rules designed to slow the market, capital controls restricting money leaving China, and mortgage rules designed to limit the borrowing power of buyers.

The direction and magnitude of the changes to our market are next to impossible to predict with any certainty, and some sectors and regions will go one way, some another. We are already experiencing this as more affordable housing options in the Valley are still seeing price rises, while high end home sales in the city are quite soft.

There are always buyers and sellers – the world does not stop when a market changes. If this is the year you’d like to make a move, give me a call for the best experience-based advice.

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Filed Under: Real Estate Perspective

The News – and the Reality: Trends Affecting Real Estate

November 21, 2018

One of the most popular activities in the daily news cycle seems to be forecasting the future of real estate. And it’s not uncommon to see wildly opposing views on where the market is headed, and when it might get there. This month’s post explores the news — and the reality.

Read More

The Changing Market – What Does That Really Mean?

October 22, 2018

After several years where home sellers had a market advantage, now buyers have more selection, more time to make good decisions, and their dollar buys more house than it used to.

Read More

Great Opportunities for Trading Up or Down…If You Qualify

October 9, 2018

Talk to a mortgage broker if you plan to move. There is still a strong demand for housing especially in retirement and recreational properties.

Read More

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Shannon Realty

Suite 207 5740 Cambie St.,
Vancouver, BC. V5Z 3A6
1-604-649-6058

Email: jeff@shannonrealty.ca

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