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Market Update June: Another Rate Hike
Manage episode 366782355 series 2794891
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Two weeks ago the Bank of Canada raised the policy rate by 25 basis points, surprising most as underlying inflation remains stubbornly high.
James and Denny share how the rate increase has affected current home prices in Greater Vancouver and what they are seeing day to day as realtors.
This episode will focus on the current rate hike and how it has affected the Vancouver real estate market, the dominant seller's market, people not listing properties, multiple offers, the active luxury market, the rise of construction prices, and current activity in New West, East Van, North Van, Langley, Port Moody and Coquitlam.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel - https://www.youtube.com/channel/UCHK2L-KswYO93195yndFAmA
Please email us at garbuttdumaspodcast@gmail.com
James Garbutt Instagram: https://www.instagram.com/jamesgarbutt Facebook: https://www.facebook.com/jamesgarbutt Website: https://jamesgarbutt.com
Denny Dumas Instagram: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com
Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca
Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca
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