The Vancouver Life Real Estate Podcast The Vancouver Life Real Estate Podcast

In June, inflation unexpectedly dropped from 2.9% to 2.7%, surpassing expectations of 2.8%. Despite this decrease, the shelter cost index remains a significant driver of inflation, with a current increase rate of 6.2%, compared to 4.8% last year. Mortgage interest costs surged by 22%, and rent has increased by 8.8%, marking the highest rise since March 1983. However, excluding shelter costs, consumer prices only rose by 1.3%. This better-than-expected inflation report led to market predi...

In June, inflation in the USA declined by 0.1% to 3%, marking the lowest rate in 12 months and a significant drop from the 9.1% peak two years prior. Despite this improvement, Federal Reserve Chair Jerome Powell emphasized that inflation remains a concern and further positive data is necessary to justify rate cuts. The next Fed announcement is scheduled for July 31, with markets predicting potential rate cuts starting in September.In Canada, inflation was slightly higher than expected last mo...

The Vancouver real estate market has largely held strong in 2024, with prices rising for the first five months. However, a significant downturn appears to be building. High interest rates for two years, a ten-year low in sales volumes, and a spike in consumer and business insolvencies are all pointing to a decline in real estate prices.The June numbers are out, and we’ll dive into them to discuss how low prices may go. Additionally, we’ll provide updates on insolvency figures, the SSMUH initi...

In this engaging and informative video, Dan and Ryan from the Vancouver Life Real Estate Group welcome back Bill Laidler, a multifamily developer with over 500 doors under construction, to discuss the transformative Small Scale Multi-Unit Housing Initiative, also known as the Multiplex Plan. Bill, a pioneer in this initiative, shares his extensive expertise on how each municipality in BC is adopting the legislation and reveals which ones might be holding back. Bill's previous video on this to...

In this episode, we dive into a whirlwind week in the real estate landscape, packed with highs and lows that are enough to make your head spin. Canadians hit a new all-time high in household net worth, while mortgage originations reached record lows. Inflation rose, inventory spiked, and yet housing affordability somehow improved, all amidst rising debt insolvencies.Join Dan and Ryan from the Vancouver Life Real Estate Group as they break down these perplexing trends and discuss what they mea...

In this episode, we delve into the upcoming small-scale multi-unit housing initiative in British Columbia, which automatically rezones single-family lots to allow for multiple units to be built on them. This new policy, set to take effect next month, is sparking interest among both homeowners and investors looking to capitalize on the potential new value of their properties. While the plan could create a surge of "citizen developers" aiming to maximize their land's potential, developing real ...