"Change is in the Air"

For many years now we have been in an aggressive "inflationary" market. However, like so many things in life, nothing goes on forever. In Real Estate, one fact is always true; "the higher the price, the fewer the number of Buyers that can qualify!" Prices in most parts of Greater Vancouver are at their highest levels in history. That means there must by default be fewer buyers than normal that can qualify. This is true, especially in the detached housing market. Combine that with mulitple interest rate hikes, the world political unrest, and government intervention to qualification standards for home ownership, and we have dramatically reduced the pool of perspective buyers.

Further, when you consider that the bulk of the inflation over the past 3 years or so has been driven by a lack of inventory rather than strong demand by new buyers, one should realize how vulnerable our price structure is. If inventory levels just return to hisorical norms, our market will soften very quickly. This is a time to be very cautious. Now is a time to make prudent decisions based on factual information relevant to your home. I can do that. My 39 years of experience can save you time and money! Call me today! 604-644-0065