WARNING: Vancouver House Prices could go DOWN this Summer.. [Canadian Real Estate Report 2023]
WARNING: Vancouver House Prices could go DOWN this Summer.. [Canadian Real Estate Report 2023]
The Vancouver Spring housing market is cooling off out here substantially over the past 2 weeks! What was once 8-12 offers on a house has turned into 3-5 offers! Coupled with rising canada 5 year bond yields raising the 5 year fixed interest rate at your local bank its becoming quieter out there for buyers! This is good news if you have been competing in multiple offers over the past few months! Don’t be afraid to low ball a house 100k below! They might come back to you 1 weeks later and accept your offer! Happy Hunting! ENJOY
-JP
Link to Vancouver Stats:
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