{"id":5541,"date":"2022-03-12T13:50:28","date_gmt":"2022-03-12T21:50:28","guid":{"rendered":"https:\/\/www.yaorealestate.com\/?p=5541"},"modified":"2022-03-12T13:50:28","modified_gmt":"2022-03-12T21:50:28","slug":"market-update-march-2022","status":"publish","type":"post","link":"https:\/\/www.yaorealestate.com\/market-update-march-2022\/","title":{"rendered":"Real Estate Matters &#8211; March 2022"},"content":{"rendered":"<h3 style=\"text-align: center;\">Real Estate Matters &#8211; March 2022<\/h3>\n<p>&nbsp;<\/p>\n<div class=\"entry-content-asset videofit\"><iframe loading=\"lazy\" title=\"Real Estate Matters: March 2022 - What&#039;s this &quot;Cooling Off Period&quot;? | Yao Real Estate\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/2fZ1lHRQjA8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<h2><\/h2>\n<p>Hello!<\/p>\n<p>We are almost half way through March!\u00a0 With so much uncertainty in the air including the war in Ukraine, unprecedented inflation, soaring gas prices, and the recent rate hike, we are seeing a larger amount of supply come out in the first week of March.\u00a0 However, let&#8217;s look back at February when price surged yet again!<\/p>\n<p>Are you thinking of selling or moving this year?\u00a0 Chris Cornborough joins me this week to discuss our thoughts on what the Spring market will bring, and I go a bit in depth with regards to the &#8220;COOLING OFF PERIOD&#8221; the Minister of Finance brought up, to try to legislate it into RESA (Real Estate Services Act).\u00a0 In here I talk about the consequences of it, and some much better solutions we can implement before it is legislated.<\/p>\n<p>Please do reach out if we can help you Buy or Sell by replying to this email.<\/p>\n<p><strong>VANCOUVER, BC \u2013 March 2, 2022 \u2013<\/strong> The Metro Vancouver* housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February.<\/p>\n<p>Last month\u2019s sales were 26.9 per cent above the 10-year February sales average.<\/p>\n<p>\u201cAs we prepare to enter what\u2019s traditionally the busiest season of the year, the Metro Vancouver housing market is seeing more historically typical home sale activity and a modest uptick in home listing activity compared to last year,\u201d Taylor Biggar, REBGV Chair said.<\/p>\n<p>\u201cDespite having a higher volume of people listing their homes for sale in February, the region\u2019s housing market remains significantly undersupplied, which has been pushing home prices to new highs month after month,\u201d Biggar said<\/p>\n<p>\u201cA lack of housing supply is at the heart of the affordability challenges in Metro Vancouver today. We need more coordinated action from stakeholders at all levels to help create an ample, diverse supply of housing options for residents in the region today and into the future,\u201d Biggar 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 below links for your complimentary\u00a0updated 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\/d132de58-3279-d61a-5acc-f2acfd903571\/REBGV_Stats_Pkg_February_2022.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\/a51d271d-0a25-fc61-7494-5adc07610cf2\/MVR_2022_February.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\/611cf236-473e-a308-6bd9-a15b35c1b8b4\/GVR_2022_February.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; March 2022 &nbsp; Hello! We are almost half way through March!\u00a0 With so much uncertainty in the air including the war in Ukraine, unprecedented inflation, soaring gas prices, and the recent rate hike, we are seeing a larger amount of supply come out in the first week of March.\u00a0 However, let&#8217;s&#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\/5541"}],"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=5541"}],"version-history":[{"count":1,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/5541\/revisions"}],"predecessor-version":[{"id":5543,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/5541\/revisions\/5543"}],"wp:attachment":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/media?parent=5541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/categories?post=5541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/tags?post=5541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}