{"id":6032,"date":"2022-11-17T10:58:53","date_gmt":"2022-11-17T18:58:53","guid":{"rendered":"https:\/\/www.yaorealestate.com\/?p=6032"},"modified":"2022-11-17T10:58:53","modified_gmt":"2022-11-17T18:58:53","slug":"market-update-november-2022","status":"publish","type":"post","link":"https:\/\/www.yaorealestate.com\/market-update-november-2022\/","title":{"rendered":"Real Estate Matters &#8211; November 2022"},"content":{"rendered":"<h3 style=\"text-align: center;\">Real Estate Matters &#8211; November 2022<\/h3>\n<p>&nbsp;<\/p>\n<div class=\"entry-content-asset videofit\"><iframe loading=\"lazy\" title=\"Real Estate Matters: November 2022 - How to prepare yourself to obtain lower rates? | YaoRealEstate\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/s80ld5NzGVE?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>Rates continue to rise, yet you still have the need to move?\u00a0 David Goodison breaks down what to look for and how to prepare yourselves to get better rates.<\/strong><\/p>\n<p><strong>Prices continue to drop due to the interest rates, yet sale-to-listing ratio in Metro Vancouver saw a brief uptick last month.\u00a0 Is that perhaps a crack of stability on the horizon?\u00a0\u00a0<\/strong><\/p>\n<p>VANCOUVER, BC \u2013 November 2, 2022 \u2013 Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October.<\/p>\n<p>Last month\u2019s sales were 33.3 per cent below the 10-year October sales average.<\/p>\n<p>\u201cInflation and rising interest rates continue to dominate headlines, leading many buyers and sellers to assess how these factors impact their housing options,\u201d Andrew Lis, REBGV\u2019s director, economics and data analytics said. \u201cWith sales remaining near historic lows, the number of active listings continues to inch upward, causing home prices to recede from the record highs set in the spring of 2022.\u201d<\/p>\n<p>\u201cRecent years have been characterized by a frenetic pace of sales amplified by scarce listings on the market to choose from. Today\u2019s market cycle is a marked departure, with a slower pace of sales and more selection to choose from,\u201d Lis said. \u201cThis environment provides buyers and sellers more time to conduct home inspections, strata minute reviews, and other due diligence.\u00a0 With the possibly of yet another rate hike by the Bank of Canada this December, it has become even more important to secure financing as early in the process as possible.\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><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; November 2022 &nbsp; Hello! Rates continue to rise, yet you still have the need to move?\u00a0 David Goodison breaks down what to look for and how to prepare yourselves to get better rates. Prices continue to drop due to the interest rates, yet sale-to-listing ratio in Metro Vancouver saw a brief&#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\/6032"}],"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=6032"}],"version-history":[{"count":2,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/6032\/revisions"}],"predecessor-version":[{"id":6037,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/6032\/revisions\/6037"}],"wp:attachment":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/media?parent=6032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/categories?post=6032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/tags?post=6032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}