If you're financially ready to buy real estate and your life circumstances are telling you now is the time but you're frozen because interest rates are high and there is uncertainty in the market then this video is for you.

I compare interest rates with home prices over the last 10 years. I'm doing this to illustrate that when rates go down, prices go up. Low rates bring a competitive market, that only sellers love, and higher prices. The attached graph compares interest rates with the Housing Price Index (HPI) over the past decade, specifically from January 1, 2014, to the present. To provide an accurate representation of what purchasers would obtain, I used the 5-year fixed rate rather than posted rates. The HPI is a superior metric to average…

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As we navigate through 2023, one clear trend in the Vancouver real estate market is the ongoing discrepancy between the number of homes listed on the MLS (Multiple Listing Service) and the volume of actual sales. These figures continue to remain below the 10-year average. While various factors are at play, it is evident that much of the current market focus revolves around interest rates.

It's important to note that a significant portion of individuals engaging in real estate transactions are doing so out of necessity rather than mere preference. Life circumstances are often the driving force behind these decisions, compelling people to relocate.

One key factor influencing certain buyers' decisions is the expiration of their rate hold. Those who…

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