WARNING ⚠️ Vancouver Real Estate Slows Down in June. [Canadian Real Estate Report]

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BREAKING NEWS: Vancouver Real Estate Slowed Down in June. [Canadian Real Estate Report]

As I predicted 3 weeks ago since my last update the Vancouver Real Estate market has cooled off substantially. Just this week I had my clients hold off on an offer deadline....There were none. So we didn't have to go over asking at all....Actually we successfully bid under the price! Buyers have left the market and there is way more to choose from. Also my buyers today aren't nearly as rushed. Some buyers still have 1 month left on their 5% rate hold so I don't expect July to be completely quiet but way less than the last 3 months! Lots of opportunity in the next 6 weeks to get a good deal! ENJOY!!!

Link to Canada Inflation Report:

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Honestly makes a lot of sense with pre-sale, if you can't get approved now and rates keep hiking why not roll the dice!

anthonydavis
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Oakridge being the new Vancouver is the funniest thing I’ve heard

RMD-fn
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Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22, 000 every single week.

Max.
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Wow, did I hear 50% down? Interesting!

ydoIstillcare
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The core CPI isn't "down" so, get your facts straight. And, knock it off with the "RE will go crazy when rates go down" nonsense; you have no idea what you're yammering about.

billferguson