Hello friends and clients,
What a beautiful summer we have had, weather wise that is.
From a real estate perspective the summer market was quieter than most anticipated. The reins the federal government put on the banking industry in the spring and the continued unease in Europe achieved what the government wanted, a cooling of our market. Sales dipped in most segments and prices followed. Our market is not in a major decline by any means but buyers have become very cautious with their money and there is more negotiation going on when offers come in on a property.
After a slow summer for sales we usually see a robust fall market, we are not anticipating prices to rise but we do see sales numbers picking up. And if the inventory levels start to diminish the gap between listing and selling prices will tighten again.
Interest rates remain steady with the prime rate holding firm at 3% and the five year closed mortgage dipping below 3% again and the 10 year fixed under 4%, it is a good time to reanalyze your mortgage. These rates have been relatively steady and the experts don’t see a change soon as long as the Federal government stays out of the picture. All in all it is still a great time to buy or sell.
Hoping everyone is healthy and happy,
Best regards
David
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Annieville, N. Delta Real Estate
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Beach Grove, Tsawwassen Real Estate
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British Columbia Real Estate Association, Market Report, Dollar value of homes, MLS Residential Sales British Columbia, High-rat
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Clayton Village, Real Estate, Surrey townhomes, Melissa Lane, David Meyer, Meyer Lane and Associates, Clayton Heights
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Deer Lake Place, Burnaby South Real Estate
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Downtown NW, New Westminster Real Estate
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East Newton, Surrey Real Estate
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Fairview VW, Vancouver West Real Estate
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Fleetwood Tynehead, Surrey Real Estate
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Fraser Heights, North Surrey Real Estate
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Hamilton RI, Richmond Real Estate
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Holly, Ladner Real Estate
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Market stats
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Morningstar homes
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New homes for sale
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Nordel, N. Delta Real Estate
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North Delta
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Panorama Ridge, Surrey Real Estate
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Pomme Parcels, The Art of Gift Giving, Caldrea, Tack Woodwork and Design, 18karat, Meyer Lane and Associates, Melissa Lane, real
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Queen Mary Park Surrey, Surrey Real Estate
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Queensborough, New Westminster Real Estate
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Royal Heights, North Surrey Real Estate
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Scottsdale, N. Delta Real Estate
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South Slope, Burnaby South Real Estate
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Sullivan Station, Surrey Real Estate
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summer market, fall market, David Meyer Realtor, Melissa Lane Realtor, Canadian Interest Rates, Mortgage Rates, Meyer Lane and A
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Sunstone
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Tsawwassen North, Tsawwassen Real Estate
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Walnut Grove, Langley Real Estate
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West Newton, Surrey Real Estate
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Whalley, North Surrey Real Estate
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Willoughby Heights, Langley Real Estate
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