{"id":6085,"date":"2022-12-13T10:22:32","date_gmt":"2022-12-13T18:22:32","guid":{"rendered":"https:\/\/www.yaorealestate.com\/?p=6085"},"modified":"2022-12-21T08:42:28","modified_gmt":"2022-12-21T16:42:28","slug":"interest-rates-december-2022","status":"publish","type":"post","link":"https:\/\/www.yaorealestate.com\/interest-rates-december-2022\/","title":{"rendered":"Real Estate Matters &#8211; December 2022"},"content":{"rendered":"<h3 style=\"text-align: center;\">Real Estate Matters &#8211; December 2022<\/h3>\n<p>&nbsp;<\/p>\n<div class=\"entry-content-asset videofit\"><iframe loading=\"lazy\" title=\"Real Estate Matters: December 2022 - What you ABSOLUTELY need to know for 2023!\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/4yJZaTaZvWg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<h2>Interest Rates Year End 2022<\/h2>\n<p>&nbsp;<\/p>\n<p>Hello!<\/p>\n<p><strong>Just like that, 2022 comes to an end.\u00a0 What a year of a roller coaster ride.\u00a0 Inflation, the Ukraine\/Russia war, the tail end of the pandemic all contributed to such an unpredictable year.<\/strong><\/p>\n<p>As we welcome a new BC Premier, David Eby, many drastic shifts are coming in 2023 about Real Estate.\u00a0 Are you looking for a move soon?\u00a0 You&#8217;ll need to be prepared with all the new policies and changes.\u00a0 We prepared the video above to outline exactly what you need to know.<\/p>\n<p>Are you looking to make a move in the near future?\u00a0 Don&#8217;t wait &#8211; give us an email or call and let&#8217;s grab a coffee.\u00a0 We would LOVE to help you navigate your purchase and\/or sale of your properties, just as we have done for hundreds of clients.<\/p>\n<p>Vancouver, BC \u2013 December 2, 2022 \u2013 While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region\u2019s long-term averages.<\/p>\n<p>Last month\u2019s sales were 36.9 percent below the 10-year November sales average.<\/p>\n<p>\u201cWith the most recent core inflation metrics showing a stubborn reluctance to respond significantly to the furious pace of rate increases, the Bank of Canada may choose to act more forcefully to bring inflation back toward target levels.\u201d Andrew Lis, REBGV\u2019s director of economics and data analytics, said. \u201cWhile it\u2019s always difficult to predict what the bank will do with certainty, this persistent inflationary backdrop sets up the December 7 rate announcement to be yet another increase, making holiday-season home purchases something many people may end up foregoing this year.\u201d<\/p>\n<p>\u201cHeading into 2023, the market continues the trend of shifting toward historical averages and typical seasonal norms,\u201d Lis said. \u201cWhether these trends continue will depend on looming economic factors and forthcoming housing policy measures on the horizon, which hold the potential to reignite uncertainty in our market.<\/p>\n<p>\u201cWith that said, from a long-term structural standpoint, the current pace of listings and available inventory remain relatively tight when considered against a backdrop of continued in-migration to the province. With the recently announced increase in federal immigration targets, the state of available supply in our market remains one demand surge away from renewed price escalation, despite the inflationary environment and elevated mortgage rates.\u201d<\/p>\n<p><strong>Looking to buy, sell or move?\u00a0 Please reply to this email, and we would be delighted to chat with you!\u00a0 Check out our Google reviews <a href=\"https:\/\/www.google.ca\/search?q=yao+real+estate&amp;source=hp&amp;ei=d8CYY6fOOcO_0PEPhuaJ4AI&amp;iflsig=AJiK0e8AAAAAY5jOh02jYZBeo7vnbhBFLoG6M1k2nNf4&amp;gs_ssp=eJzj4tVP1zc0TLcszC1MyakyYLRSNagwNbEwMzdOMTRMTTIwTTJKsTKoSDU2MbQwMrIwTDFPMUiyNPbir0zMVyhKTcxRSC0uSSxJBQDPqRTI&amp;oq=yao+real&amp;gs_lcp=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&amp;sclient=gws-wiz\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-cke-saved-href=\"https:\/\/www.google.ca\/search?q=yao+real+estate&amp;source=hp&amp;ei=d8CYY6fOOcO_0PEPhuaJ4AI&amp;iflsig=AJiK0e8AAAAAY5jOh02jYZBeo7vnbhBFLoG6M1k2nNf4&amp;gs_ssp=eJzj4tVP1zc0TLcszC1MyakyYLRSNagwNbEwMzdOMTRMTTIwTTJKsTKoSDU2MbQwMrIwTDFPMUiyNPbir0zMVyhKTcxRSC0uSSxJBQDPqRTI&amp;oq=yao+real&amp;gs_lcp=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&amp;sclient=gws-wiz\" data-cke-saved->HERE<\/a>.<\/strong><\/p>\n<p>Please click the 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\/b46466e2-543a-9d1c-cb5c-0627a4e49c25\/REBGV_Stats_Pkg_Nov_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; December 2022 &nbsp; Interest Rates Year End 2022 &nbsp; Hello! Just like that, 2022 comes to an end.\u00a0 What a year of a roller coaster ride.\u00a0 Inflation, the Ukraine\/Russia war, the tail end of the pandemic all contributed to such an unpredictable year. As we welcome a new BC Premier, David&#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":[120],"tags":[158,159,119,118,117],"taxonomy_info":{"category":[{"value":120,"label":"Interest Rates"}],"post_tag":[{"value":158,"label":"Interest rates 2022"},{"value":159,"label":"mortgage interest rates 2022"},{"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":120,"name":"Interest Rates","slug":"interest-rates","term_group":0,"term_taxonomy_id":120,"taxonomy":"category","description":"","parent":0,"count":9,"filter":"raw","cat_ID":120,"category_count":9,"category_description":"","cat_name":"Interest Rates","category_nicename":"interest-rates","category_parent":0}],"tag_info":[{"term_id":158,"name":"Interest rates 2022","slug":"interest-rates-2022","term_group":0,"term_taxonomy_id":158,"taxonomy":"post_tag","description":"","parent":0,"count":9,"filter":"raw"},{"term_id":159,"name":"mortgage interest rates 2022","slug":"mortgage-interest-rates-2022","term_group":0,"term_taxonomy_id":159,"taxonomy":"post_tag","description":"","parent":0,"count":9,"filter":"raw"},{"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\/6085"}],"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=6085"}],"version-history":[{"count":3,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/6085\/revisions"}],"predecessor-version":[{"id":6090,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/6085\/revisions\/6090"}],"wp:attachment":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/media?parent=6085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/categories?post=6085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/tags?post=6085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}