{"id":5406,"date":"2022-02-09T11:16:52","date_gmt":"2022-02-09T19:16:52","guid":{"rendered":"https:\/\/www.yaorealestate.com\/?p=5406"},"modified":"2022-02-09T14:42:52","modified_gmt":"2022-02-09T22:42:52","slug":"market-update-february-2022","status":"publish","type":"post","link":"https:\/\/www.yaorealestate.com\/market-update-february-2022\/","title":{"rendered":"Real Estate Matters &#8211; February 2022"},"content":{"rendered":"<h3 style=\"text-align: center;\">Real Estate Matters &#8211; February 2022<\/h3>\n<p>&nbsp;<\/p>\n<div class=\"entry-content-asset videofit\"><iframe loading=\"lazy\" title=\"Real Estate Matters: February 2022 - What&#039;s going on with the interest rates?\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/6mL72aPynug?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<h2>Real Estate Interest Rates:<\/h2>\n<p>Hello!<\/p>\n<p>And just like that, it&#8217;s February!\u00a0 We are talking about Real Estate interest rates. January we saw a shortage of supply that was half of what we need for steady market values, pushing up prices.\u00a0 Finally, towards the end of January, we saw a slight uptick in homes for sale.\u00a0 Despite the short supply, demand has been steadily high, resulting in above-average sales volume for the month.<\/p>\n<p>Are you thinking of selling or moving this year?\u00a0 David Goodison joins me this week to discuss his predictions of the Federal Interest Rate, and what to expect for consumers.\u00a0 Long story short, there looks to be a surge in demand coming shortly!<\/p>\n<p>Please do reach out if we can help!<\/p>\n<p>&nbsp;<\/p>\n<p><strong>VANCOUVER, BC \u2013 February 2, 2022 \u2013<\/strong> The first month of 2022 saw home sales come down from last year\u2019s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver*.<\/p>\n<p>Last month\u2019s sales were 25.3 percent above the 10-year January sales average.<\/p>\n<p>\u201cOur listing inventory on MLS\u00ae is less than half of what would be optimal to begin the year. As a result, hopeful home buyers have limited choices in the market today. This trend is causing fierce competition for a scarce number of homes for sale, which, in turn, increases prices,\u201d Keith Stewart, REBGV economist said.<\/p>\n<p>\u201cAs we approach spring, we\u2019ll keep a close eye on the impact of rising interest rates on buyers\u2019 willingness to buy and on whether more homeowners will opt to become sellers in what\u2019s traditionally the busiest season of the year,\u201d Stewart said. \u201cWith home prices reaching new highs in recent months, the need has never been greater for government to collaborate with the building community to expedite the creation of housing supply and provide more choice for those struggling to buy a home today.\u201d<\/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\/2e6508f5-7ee2-084f-1f7c-a3b9686dfd60\/REBGV_Stats_Pkg_December_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\/943825fc-c140-0f93-1bd9-c2ac4c88bb85\/MVR_2021_December.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\/f092da9b-e230-dbf2-2b18-8c91d1bb0582\/GVR_2021_December.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; February 2022 &nbsp; Real Estate Interest Rates: Hello! And just like that, it&#8217;s February!\u00a0 We are talking about Real Estate interest rates. January we saw a shortage of supply that was half of what we need for steady market values, pushing up prices.\u00a0 Finally, towards the end of January, we saw&#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":[119,118,117],"taxonomy_info":{"category":[{"value":1,"label":"Uncategorized"}],"post_tag":[{"value":119,"label":"mortgage rates Canada"},{"value":118,"label":"mortgage rates Vancouver"},{"value":117,"label":"real estate interest rates"}]},"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":119,"name":"mortgage rates Canada","slug":"mortgage-rates-canada","term_group":0,"term_taxonomy_id":119,"taxonomy":"post_tag","description":"","parent":0,"count":17,"filter":"raw"},{"term_id":118,"name":"mortgage rates Vancouver","slug":"mortgage-rates-vancouver","term_group":0,"term_taxonomy_id":118,"taxonomy":"post_tag","description":"","parent":0,"count":17,"filter":"raw"},{"term_id":117,"name":"real estate interest rates","slug":"real-estate-interest-rates","term_group":0,"term_taxonomy_id":117,"taxonomy":"post_tag","description":"","parent":0,"count":17,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/5406"}],"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=5406"}],"version-history":[{"count":4,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/5406\/revisions"}],"predecessor-version":[{"id":5415,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/5406\/revisions\/5415"}],"wp:attachment":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/media?parent=5406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/categories?post=5406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/tags?post=5406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}