RE:RE:RE:RE:RE:RE:Shake your divi maker.malx1 wrote: Not a chance.
Market flooded with listings.
Leveraged speculators being forced to refi at 5.5 to 6.0%.
There will still be the old money launderers, students and homemakers buying for daddy.
Tiff Macklem just quashed the RE bull. That game is over.
wynner wrote:
"Oh boy, if you're banking on rate cuts to boost free cash flow then you've got the wrong Financial Planner." Odds are that Tiff will cut rates by 1% THIS year. He's like. Take your marks..............get set............................. Watch real estate take off like Usain Bolt.
I averaged down and used my LOC on my house. No brainer.
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In April, the Greater Vancouver region recorded a total of 2,810 home sales, which represents an improvement compared to both March 2024 (2,396) and April 2023 (2,721), although it is below the 10-year April average (3,223). "It's a feat to see inventory finally climb above 12,000," said GVR Director of Economics and Data Analytics Andrew Lis. "Many were predicting higher inventory levels would materialize quickly when the Bank of Canada began its aggressive rate hikes, but we're only seeing a steady climb in inventory in the more recent data. The surprise for many market watchers has been the continued strength of demand along with the fact few homeowners have been forced to sell in the face of the highest borrowing costs experienced in over a decade."
https://storeys.com/greater-vancouver-real-estate-statistics-april-2024/