On a Personal Note ~

Tallulah:  It has been so nice to have such an extended summer. This weekend just passed, was the final weekend to really get out on the boat to enjoy the water and the sunsets over the city!

Traci: Being an Alberta girl I’ve always said that the sunshine and blue skies are my favorite things. Well, you can imagine how happy I’ve been for our extended summer! Plus - living here now allows me to enjoy the water daily.  ☀️🧡

Jasmine:  Recently celebrated - er, still celebrating "Birthday Month" . So. Much. Food.  And some really great wine.

Bella:  I'm just here for snacks & snuggles.

Jasmine's Market Comment

What a year!  Unprecedented sales in the Spring of this year have given way to what feels like extreme moderation as we sail into Fall.  In reality, it's just the speed & magnitude of the changes we've recently experienced that makes our market seem like, well,  "whoa" !  You may be surprised to know that median prices and sales to listings ratio are higher, and inventory lower than this time in 2019.  Who knew - until you look at the data - which you can see below. Certainly, inflation & rapidly rising rates are creating both uncertainty & discomfort at the prospect of buying just about anything.  However, in the real estate market, prices in some categories have come down enough from the peak (March) to perhaps make this autumn the right time to buy.

Pumpkin Giveaway - Recap

Our annual “Thanksgiving Dessert is on Us” event was a terrific success! Blessed by gorgeous weather this past Saturday, and lots of visits from wonderful clients - past & present. We were so happy to see them! Plus, who doesn’t like free pie?       
There’s always something to be thankful for.

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Some Quick Facts

Today's posted 5-Year Rate (for now): 6.14% and this time last year: 4.79%

1,978 homes sold in North Van YTD  (2,867 in 2021)

Currently 5 months of inventory on the market in all of North Vancouver

Buyer mood:   "Watch and Wait".  Almost 20% of Canadians who were poised to purchase a house this year have put that plan on the back burner according to a new report by Royal LePage.


Immigration will allow Bank of Canada
to cut rates sooner than 'peers'

A record flow of immigration could allow the Bank of Canada to start cutting interest rates before its “peers,” according to a report from Capital Economics.

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