{"id":6599,"date":"2023-09-11T09:47:13","date_gmt":"2023-09-11T17:47:13","guid":{"rendered":"https:\/\/www.yaorealestate.com\/?p=6599"},"modified":"2023-09-11T09:54:32","modified_gmt":"2023-09-11T17:54:32","slug":"september-2023","status":"publish","type":"post","link":"https:\/\/www.yaorealestate.com\/september-2023\/","title":{"rendered":"Real Estate Matters &#8211; September 2023"},"content":{"rendered":"<h3 style=\"text-align: center;\">Real Estate Matters &#8211; September 2023<\/h3>\n<p>&nbsp;<\/p>\n<div class=\"entry-content-asset videofit\"><iframe loading=\"lazy\" title=\"Real Estate Matters:  September 2023 - Are we done with Rate Hikes?\" width=\"720\" height=\"405\" src=\"https:\/\/www.youtube.com\/embed\/Y62t9S9W-Zg?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>&nbsp;<\/p>\n<p>Hello!<\/p>\n<p><strong>Market has been hot again the first half of 2023.\u00a0 But are we going back to the traditional pre-COVID trend of s summer slowdown?\u00a0<\/strong><\/p>\n<p><strong>Statistics across the board is showing a deceleration of the increase in prices.\u00a0 It&#8217;s still going up, but at a much less rapid rate than the last few months.\u00a0 With the recent increase in interest rates (again!) of 25 basis points, we are expecting the summer months to be a little more balanced.<\/strong><\/p>\n<p>In this month&#8217;s &#8220;Real Estate Matters&#8221; video, we discuss all the points\u00a0above.\u00a0 As usual, if I may be of service, I would be happy to chat!\u00a0 Just reply to this email and we can set up a time to do so!<\/p>\n<p>From the Real Estate Board of Greater Vancouver Monthly Statistics letter:<\/p>\n<p>VANCOUVER, BC \u2013 July 5, 2023 \u2013 Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.<\/p>\n<p>\u201cThe market continues to outperform expectations across all segments, but the apartment segment showed the most relative strength in June,\u201d Andrew Lis, REBGV\u2019s director of economics and data analytics said. \u201cThe benchmark price of apartment homes is almost cresting the peak reached in 2022, while sales of apartments are now above the region\u2019s ten-year seasonal average. This uniquely positions the apartment segment relative to the attached and detached segments where sales remained below the ten-year seasonal averages.\u201d<\/p>\n<p>\u201cDespite elevated borrowing costs, there continues to be too little resale inventory available relative to the pool of buyers in Metro Vancouver. This is the fundamental reason we continue to see prices increase month over month across all segments,\u201d Lis said. \u201cWith the benchmark price for apartments now standing at $767,000, we repeat our call to the provincial government to adjust the $525,000 threshold exempting first-time home buyers from the Property Transfer Tax to better reflect the price of entry-level homes in our region. This is a simple policy adjustment that could help more first-time buyers afford a home right now.\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\/d0927e63-d4b7-6c27-1b44-ab70e767049e\/REBGV_Stats_Pkg_Aug_2023.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; September 2023 &nbsp; &nbsp; Hello! Market has been hot again the first half of 2023.\u00a0 But are we going back to the traditional pre-COVID trend of s summer slowdown?\u00a0 Statistics across the board is showing a deceleration of the increase in prices.\u00a0 It&#8217;s still going up, but at a much less&#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":[122,121,120],"tags":[158,159,119,118,117],"taxonomy_info":{"category":[{"value":122,"label":"Economy"},{"value":121,"label":"Housing Supply"},{"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":122,"name":"Economy","slug":"economy","term_group":0,"term_taxonomy_id":122,"taxonomy":"category","description":"","parent":0,"count":8,"filter":"raw","cat_ID":122,"category_count":8,"category_description":"","cat_name":"Economy","category_nicename":"economy","category_parent":0},{"term_id":121,"name":"Housing Supply","slug":"supply","term_group":0,"term_taxonomy_id":121,"taxonomy":"category","description":"","parent":0,"count":9,"filter":"raw","cat_ID":121,"category_count":9,"category_description":"","cat_name":"Housing Supply","category_nicename":"supply","category_parent":0},{"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\/6599"}],"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=6599"}],"version-history":[{"count":2,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/6599\/revisions"}],"predecessor-version":[{"id":6601,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/posts\/6599\/revisions\/6601"}],"wp:attachment":[{"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/media?parent=6599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/categories?post=6599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yaorealestate.com\/wp-json\/wp\/v2\/tags?post=6599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}