Guest: Andrew Way
Vancouver’s real estate market continues to defy odds, with benchmark prices only 7% off their decade long appreciation high of 67%. On today’s episode, I connected with Andrew Way of Oakwyn Realty and we discussed the real estate statistics for Greater Vancouver. We talk about, how easing interest rates are gradually boosting purchasing power and improving cash flow for homeowners, the massive pool of sidelined buyers and whether current market conditions will influence their participation in the market…we also talk about the upcoming mortgage rule changes (which particularly happen to favour first time home buyers), and we also discuss the topic of outdated pre-approvals and the trend of getting them refreshed (many people are clinging on to pre-approvals that are no longer accurate)…and finally we end off with Andrew’s inside scoop on the current month end figures for November (ahead of the official stats this coming week).
For a deeper dive into their discussion, tune into the episode in the link above!
Call Andrew Way at 604-802-2570 for his expert real estate advice and service.
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