{"id":5280,"date":"2021-12-09T10:38:11","date_gmt":"2021-12-09T18:38:11","guid":{"rendered":"https:\/\/www.yaorealestate.com\/?p=5280"},"modified":"2022-02-09T15:04:02","modified_gmt":"2022-02-09T23:04:02","slug":"market-update-december-2021","status":"publish","type":"post","link":"https:\/\/www.yaorealestate.com\/market-update-december-2021\/","title":{"rendered":"Real Estate Matters &#8211; December 2021"},"content":{"rendered":"<h3 style=\"text-align: center;\">Real Estate Matters &#8211; December 2021<\/h3>\n<p>&nbsp;<\/p>\n<div class=\"entry-content-asset videofit\"><iframe loading=\"lazy\" title=\"Real Estate Matters:  December 2021 - Inflation?  Cooling Off?  Interest Rates? | Yao Real Estate\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/jAXowP1jJ2g?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<h2>Real Estate Decreased Market<\/h2>\n<p>Hello!<\/p>\n<p>Supply in the Greater Vancouver real estate market decreased dramatically in November, back down to a record low.\u00a0 This means rising prices, again!<\/p>\n<p>With the announcement from the Minister of Finance looking to mandate\u00a0a Cooling Off period for Buyers, Chris and I discuss how this would affect the market, and ultimately how it would affect YOU.<\/p>\n<p>Whenever the government tries to artificially &#8220;manage&#8221; the market, it tends to have the opposite effect.\u00a0 In this video, we discuss some potential outcomes and repercussions that may be on the horizon.\u00a0 Please do reach out if we can help by replying to this email.<\/p>\n<p><strong>VANCOUVER, BC \u2013 December 2, 2021 \u2013 <\/strong>As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver\u2019s* housing market.<\/p>\n<p>\u201cWe expect home sale totals to end the year at or near an all-time record in our region,\u201d Keith Stewart, REBGV economist said. \u201cWe\u2019ve had elevated home sale activity throughout 2021 despite persistently low levels of homes available for sale. With a new year around the corner, it\u2019s critical that this supply crunch remains the focus for addressing the housing affordability challenges in our region.\u201d<\/p>\n<p>\u201cThe imbalance between supply and demand, coupled with some buyers wanting to use rate holds on lower rate fixed-term mortgages, is keeping upward pressure on home prices in this traditionally quieter time of year for the market,\u201d Stewart said.<\/p>\n<p><strong>Looking to sell or move?\u00a0 Please reply to this email and I&#8217;d be happy to chat with you!\u00a0 I truly would love the opportunity to work with YOU!<\/strong><\/p>\n<p>Please click the below links for your complimentary updated Vancouver Real Estate statistics package.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a class=\"btn btn-lg btn-primary\" href=\"https:\/\/mcusercontent.com\/777c684ad3d3eb63b0df8e318\/files\/1f88164f-04ce-865f-b036-06eccf08b558\/REBGV_Stats_Pkg_October_2021.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Detailed Real Estate Board Statistics Package<\/a><\/p>\n<div class=\"row\">\n<div class=\"col-md-6\" style=\"text-align: center;\">\n<p><a class=\"btn btn-lg btn-action\" href=\"https:\/\/mcusercontent.com\/777c684ad3d3eb63b0df8e318\/files\/41d9f5b7-0da7-88f3-667d-3c789aac4afe\/MVR_2021_October.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Snap Stats &#8211; Metro Vancouver<\/a><\/p>\n<\/div>\n<div class=\"col-md-6\">\n<p style=\"text-align: center;\"><a class=\"btn btn-lg btn-action\" href=\"https:\/\/mcusercontent.com\/777c684ad3d3eb63b0df8e318\/files\/5b494378-6ccf-165e-b5b8-3400b31b07de\/GVR_2021_October.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Snap Stats &#8211; Greater Vancouver<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Real Estate Matters &#8211; December 2021 &nbsp; Real Estate Decreased Market Hello! Supply in the Greater Vancouver real estate market decreased dramatically in November, back down to a record low.\u00a0 This means rising prices, again! With the announcement from the Minister of Finance looking to mandate\u00a0a Cooling Off period for Buyers, Chris and I discuss&#8230;<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[125,126,123,124],"taxonomy_info":{"category":[{"value":1,"label":"Uncategorized"}],"post_tag":[{"value":125,"label":"decreased market supply"},{"value":126,"label":"decreased real estate market"},{"value":123,"label":"real estate market"},{"value":124,"label":"Vancouver real estate market"}]},"featured_image_src_large":false,"author_info":{"display_name":"Alex Yao","author_link":"https:\/\/www.yaorealestate.com\/author\/yaorealestate\/"},"comment_info":0,"category_info":[{"term_id":1,"name":"Uncategorized","slug":"uncategorized","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":42,"filter":"raw","cat_ID":1,"category_count":42,"category_description":"","cat_name":"Uncategorized","category_nicename":"uncategorized","category_parent":0}],"tag_info":[{"term_id":125,"name":"decreased market supply","slug":"decreased-market-supply","term_group":0,"term_taxonomy_id":125,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":126,"name":"decreased real estate market","slug":"decreased-real-estate-market","term_group":0,"term_taxonomy_id":126,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":123,"name":"real estate market","slug":"real-estate-market","term_group":0,"term_taxonomy_id":123,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":124,"name":"Vancouver real estate market","slug":"vancouver-real-estate-market","term_group":0,"term_taxonomy_id":124,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/5280"}],"collection":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/comments?post=5280"}],"version-history":[{"count":3,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/5280\/revisions"}],"predecessor-version":[{"id":5420,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/5280\/revisions\/5420"}],"wp:attachment":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/media?parent=5280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/categories?post=5280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/tags?post=5280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}