{"id":5997,"date":"2022-10-17T10:36:24","date_gmt":"2022-10-17T18:36:24","guid":{"rendered":"https:\/\/www.yaorealestate.com\/?p=5997"},"modified":"2022-10-17T10:36:24","modified_gmt":"2022-10-17T18:36:24","slug":"market-update-october-2022","status":"publish","type":"post","link":"https:\/\/www.yaorealestate.com\/market-update-october-2022\/","title":{"rendered":"Real Estate Matters &#8211; October 2022"},"content":{"rendered":"<h3 style=\"text-align: center;\">Real Estate Matters &#8211; October 2022<\/h3>\n<p>&nbsp;<\/p>\n<div class=\"entry-content-asset videofit\"><iframe loading=\"lazy\" title=\"Real Estate Matters: October 2022 - &quot;Bright Minds&quot; feat. Mr. Warren Smith LL.B. | Yao Real Estate\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/PIIe3CVmjp0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<p>Hello!<\/p>\n<p><strong>In this special episode of Real Estate Matters, we are introducing a new segment called &#8220;Bright Minds&#8221;.\u00a0 Today we have Mr. Warren Smith of Smith Legal Search.\u00a0 Smith Legal Search is one of the top recognized legal placement firms in the country, massively expanding over the last couple years.\u00a0 Along with his knack for business, he applies the same mindset to his Real Estate portfolio.\u00a0 See how he went from a small townhouse years ago to multi million dollar mansions today, and why he sees today&#8217;s market as an opportunity.<\/strong><\/p>\n<p>Vancouver, B.C. \u2013 October 4, 2022 \u2013 Home sellers were more active in Metro Vancouver\u2019s* housing market in September while home buyer demand remained below the region\u2019s long-term averages.<\/p>\n<p>Last month\u2019s sales were 35.7 per cent below the 10-year September sales average.<\/p>\n<p>\u201cWith the Bank of Canada and other central banks around the globe hiking rates in an effort to stamp out inflation, the cost to borrow funds has risen substantially over a short period,\u201d said Andrew Lis, REBGV director, economics and data analytics. \u201cThis has resulted in a more challenging environment for borrowers looking to purchase a home, and home sales across the region have dropped accordingly.\u201d<\/p>\n<p>\u201cWith fewer homes selling and new listings continuing to come to market, inventory is beginning to accumulate, providing buyers with more selection compared to last year,\u201d Lis said.\u00a0 \u201cWith more supply and less demand within this market cycle, residential home prices have edged down in the region over the last six months.\u201d<\/p>\n<p><strong>Looking to buy, sell or move?\u00a0 Please reply to this email and I&#8217;d be happy to chat with you!\u00a0 I truly would appreciate the opportunity to work with YOU!<\/strong><\/p>\n<p>Please click below links for your complimentary updated Vancouver Real Estate statistics package.\u00a0 For a more detailed pricing\/activities package for your relevant area, please feel free to contact us and we would be happy to send one to you.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a class=\"btn btn-lg btn-primary\" href=\"https:\/\/mcusercontent.com\/777c684ad3d3eb63b0df8e318\/files\/c84fa077-4e53-6ab5-417f-909aaab4d9e8\/REBGV_Stats_Pkg_Sept_2022.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Detailed Real Estate Board Statistics Package<\/a><\/p>\n<div class=\"row\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Real Estate Matters &#8211; October 2022 &nbsp; Hello! In this special episode of Real Estate Matters, we are introducing a new segment called &#8220;Bright Minds&#8221;.\u00a0 Today we have Mr. Warren Smith of Smith Legal Search.\u00a0 Smith Legal Search is one of the top recognized legal placement firms in the country, massively expanding over the last&#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\/5997"}],"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=5997"}],"version-history":[{"count":2,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/5997\/revisions"}],"predecessor-version":[{"id":6000,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/5997\/revisions\/6000"}],"wp:attachment":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/media?parent=5997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/categories?post=5997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/tags?post=5997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}