Prime Interest Rate Increase and It's Effect on Real Estate Selling Vancouver Real Estate Podcast

On June 1, the Bank of Canada increased its prime interest rate by 0.5%, further impacting a real estate market that has been slowing down.
James and Denny provide an update on the interest rate hikes and predict what the summer will look like for those looking to buy or sell in Greater Vancouver.
This episode will cover how the real estate market is responding to increasing interest rates, the types of properties that will see the biggest decrease in sales, which areas of the lower mainland will hold their value, the effect on variable and fixed rates, and the benefits to homebuyers looking to upsize during this time.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel - https://www.youtube.com/channel/UCHK2L-KswYO93195yndFAmA
Email us at garbuttdumaspodcast@gmail.com
James Garbutt
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Website: https://jamesgarbutt.com
Denny Dumas
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Website: https://www.dennydumas.com
Garbutt + Dumas Real Estate
Instagram: https://www.instagram.com/garbuttdumas
Facebook: https://www.facebook.com/GarbuttDumas
Website: http://www.garbuttdumas.ca