Are Vancouver house prices coming down? Is it actually possible we may be headed for a real estate market correction, or perhaps even a crash?

Headlines everywhere are referring to a cooling market in both Metro Vancouver, and the Fraser Valley of BC. On a month-over-month basis, sales quantity dropped approximately 11% in both regions, but when we look at home prices, they are up 20-30% over the past year on average.

Record low inventory is holding prices consistent, and while buyer demand has slowed slightly, there are still many active purchasers that are competing for a small amount of homes on the market.

In this video, I cover the importance of distinguishing between falling sales and falling prices, and what I believe will happen come the Fall and towards the end of 2021.

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Looking to buy or sell real estate in Vancouver its surrounding areas, or other locations across Canada?

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RESOURCES:

🔹 Costs To Buy A Home in Vancouver, BC: [ Ссылка ]
🔹 Will Home Prices Crash in 2021?: [ Ссылка ]
🔹 How To Review Strata Documents: [ Ссылка ]
🔹 Soaring Strata Insurance Costs - Explained: [ Ссылка ]
🔹 Top 5 Places to Live In Vancouver, BC: [ Ссылка ]
🔹 Top 5 Places To Live In Surrey, BC: [ Ссылка ]

🔸 Download my Mortgage App and find out for yourself, how much you can afford: [ Ссылка ]

ABOUT ME:

I am a real estate agent in Vancouver BC, licensed with Oakwyn Realty Ltd., and am currently working with new clients in Vancouver, Burnaby, New Westminster, Surrey, and other areas of the Lower Mainland of BC. I also work with the top agents across Canada to offer the best service, right across the country. Feel free to connect with me through any of the channels above!

This video is designed to be educational and as every person's real estate journey is different, I recommend you connect with your real estate agent and/or mortgage broker of choice to get more specific real estate advice based on your personal situation and goals.

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