Vancouver Real Estate Market - April 2022 Numbers Are Here!

MY 2 CENTS
We are officially seeing a slowdown in market activity compared to last year. That is a result of rise in interest rates, inflation and global political instability. But supply is also at a historically low level. I do think there has been a pushback on the prices and there will be incoming price reductions as a slight panic from sellers. 
SELLERS
I, however, firmly believe that the prices WILL  reach a peak (they haven't yet) for 2022 in the next couple of months. It is still an amazing time for the sellers to list their home if they want to capture that equity and diversify their investments.  

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BUYERS
For the buyers, the recent slowdown and price reductions come as an amazing opportunity to purchase now. You were waiting for the market to cool-off a little, well this is chance. Capitalize on this opportunity before the next interest rate hike lowers your purchasing power in the market. 

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Vancouver real estate market update april 2022
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Vancouver real estate market update April 2022
Vancouver real estate market update April 2022
Vancouver real estate market update April 2022
Vancouver real estate market update April 2022
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.