Emily Vu, Personal Real Estate Corporation

1. In October 2024, Metro Vancouver saw home sales rise 31.9% year-over-year, reaching 2,632 transactions. The increase was driven by recent mortgage rate cuts. Active listings grew to 14,477, up 24.8% from October 2023, indicating a balanced market. The composite benchmark price for homes was $1,172,200, down 1.9% from the previous year and 0.6% from the previous month.

Interest rates are currently trending down, while the housing market is also cooling off. This is a great time to consider buying a...

Ngân hàng Trung ương Canada có khả năng sẽ công bố cắt giảm lãi suất 50 điểm cơ bản vào thứ Tư, với một số chuyên gia dự đoán mức giảm có thể lên đến 75 điểm. Lạm phát đã giảm xuống còn 1,6% vào tháng 9 và ước tính tăng trưởng GDP quý 3 chỉ đạt 1%, tạo áp lực lên chính sách nới lỏng. Trong khi Ngân hàng TD dự báo cắt giảm nhẹ hơn với 25 điểm cơ bản, phần lớn các chuyên gia kỳ vọng sẽ có thêm một đợt giảm 50 điểm vào tháng 12, sau đó là những đợt điều chỉnh nhỏ hơn vào năm sau cho đến khi lãi suất...

In September 2024, Metro Vancouver home sales dropped 3.8% year-over-year, with 1,852 sales, 26% below the 10-year average. New listings rose 12.8%, pushing total inventory up 31.2%. The sales-to-active listings ratio at 12.8% indicates potential downward pressure on prices, which have shown slight declines across all property types. The benchmark price for all homes is $1,179,700, down 1.8% from last year. Despite rate cuts, demand remains subdued, but further reductions may boost activity later...

Good news for those living in the Burnaby area! Information about ( rezoning) areas in Burnaby is now available. If you want to learn more or check out specific areas, feel free to contact Emily. She will assist you in finding detailed information about the areas you're interested in.

📞Please contact: 778 668 8728
📍 Serving Vancouver, Burnaby, Surrey, and Greater Vancouver
#VancouverRealtor #BurnabyHomes #FirstTimeHomeBuyers #AIRealEstate #EmilyVuRealtor #emilyvupersonalrealestate  #buyeragent...

METRO VANCOUVER MARKET HIGHLIGHTS AGUST 2024

📞Please contact: 778 668 8728
📍 Serving Vancouver, Burnaby, Surrey, and Greater Vancouver
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The Bank of Canada Governor, Tiff Macklem, indicated that it is reasonable to expect further interest rate cuts, following the bank's progress in reducing inflation to its target of 2%. This marks a shift in tone from previous statements, as inflation has consistently declined, with the consumer price index in August falling to its lowest level since February 2021.

Macklem emphasized that future rate cuts will depend on incoming data, as the bank aims to maintain inflation within the 1-3% range. The...

Ngân hàng Canada đã giảm lãi suất xuống 25 điểm cơ bản, đưa 𝐥𝐚̃𝐢 𝐬𝐮𝐚̂́𝐭 𝐱𝐮𝐨̂́𝐧𝐠 𝐜𝐨̀𝐧𝟒,𝟐𝟓%. Tăng trưởng toàn cầu đạt 2,5% trong quý 2, với hiệu suất mạnh hơn dự kiến từ Hoa Kỳ nhưng tăng trưởng yếu hơn ở Trung Quốc. Nền 𝐤𝐢𝐧𝐡 𝐭𝐞̂́ 𝐂𝐚𝐧𝐚𝐝𝐚 𝐭𝐚̆𝐧𝐠 𝐭𝐫𝐮̛𝐨̛̉𝐧𝐠

𝟐,𝟏%, dẫn đầu bởi chi tiêu chính phủ và đầu tư, dù hoạt động kinh tế đã chậm lại vào tháng 6 và tháng 7. 𝐋𝐚̣𝐦 𝐩𝐡𝐚́𝐭 đ𝐚̃ 𝐠𝐢𝐚̉𝐦 𝐱𝐮𝐨̂́𝐧𝐠 𝟐,𝟓%, nhưng chi phí nhà ở cao vẫn là yếu tố chính. Ngân...

Canada's inflation rate dropped to 2.5% in July, down from 2.7% in June, according to Statistics Canada. The decline was driven by lower prices for travel, passenger vehicles, and electricity. Inflation pressures have eased throughout the year, keeping the annual rate below 3% since January. The Bank of Canada has responded to this trend by lowering its key interest rate in recent meetings, with Governor Tiff Macklem indicating that further rate cuts are likely if inflation continues to slow.

📞Please...

In July, Canada's unemployment rate remained steady at 6.4%, with the economy losing around 2,800 jobs, primarily in wholesale, retail, and finance sectors. Youth unemployment rose to 14.2%, the highest since 2012 (excluding the pandemic), and the unemployment rate for recent immigrants was 12.6%. While the private sector lost 42,000 jobs, the public sector gained 41,000. Economists predict that the Bank of Canada will continue to cut interest rates in the near future.

Trong tháng 7, tỷ lệ thất nghiệp...

London Drugs is relocating within The Amazing Brentwood mall in Burnaby to a new 23,300 sq ft space at the outdoor section of the mall, near Brentwood Plaza. The new store will open in May 2025, replacing its current 29,000 sq ft location in the old indoor mall. This move aligns with the mall's multi-phased redevelopment, which includes demolishing the existing indoor mall to make way for significant residential development, with plans to add up to 4.67 million sq ft of residential space, including...

Government Announces 30-Year Mortgages to Help Young Canadians Buy Homes

The Canadian government is supporting young people, such as Millennials and Gen Z, in buying their first homes. Starting August 1, 2024, they will introduce 30-year mortgages for new homes. This gives people more time to pay off their mortgage, making monthly payments lower and more affordable.

This change is part of a broader plan to make homeownership more accessible for all generations. The government is also offering assistance...

Fresh inflation data showing a decline in price pressures has increased the likelihood that the Bank of Canada will implement another interest rate cut next week. Statistics Canada reported an annual inflation rate of 2.7% in June, down from 2.9% in May, with lower gasoline and travel costs contributing to the decrease. This trend, coupled with signs of easing in core inflation, has led many economists to predict further rate cuts as the Bank of Canada aims to continue cooling inflation.

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📞Please contact: 778 668 8728
📍 Serving Vancouver, Burnaby, Surrey, and Greater Vancouver
#VancouverRealtor #BurnabyHomes #FirstTimeHomeBuyers #AIRealEstate #EmilyVuRealtor #emilyvupersonalrealestate  #buyeragent #selleragent #HomeBuyingJourney #RealEstateInnovation #sold #interestrate #news

🎉👏👏Emily xin chúc mừng những quý khách đã mua được nhà và đất ở Burnaby trong những năm qua. Trong thời gian vừa qua, nhiều khách hàng đã đầu tư vào Vancouver vì biết nơi đây có tiềm năng xây nhiều căn trong một khu đất. Tuy nhiên, hiện tại Burnaby cũng không kém phần tiềm năng, hứa hẹn mang lại nhiều cơ hội mới cho các nhà đầu tư. 👍🥳

Burnaby sắp sửa cho phép xây dựng lên đến sáu căn nhà trên các lô đất trước đây chỉ dành cho một gia đình, bắt đầu từ 1/7, theo các quy định của tỉnh. Vào 10/6,...

📞Please contact: 778 668 8728
📍 Serving Vancouver, Burnaby, Surrey, and Greater Vancouver
#VancouverRealtor #BurnabyHomes #FirstTimeHomeBuyers #AIRealEstate #EmilyVuRealtor #emilyvupersonalrealestate  #buyeragent #selleragent #HomeBuyingJourney #RealEstateInnovation #sold #interestrate #news

The U.S. Federal Reserve held interest rates steady at 5.3% and projected just one rate cut in 2024 despite recent inflation easing. This forecast is down from a previous expectation of three cuts, as inflation remains higher than desired. The Fed aims to balance slowing inflation without harming economic growth.

📞Please contact: 778 668 8728
📍 Serving Vancouver, Burnaby, Surrey, and Greater Vancouver
#VancouverRealtor #BurnabyHomes #FirstTimeHomeBuyers #AIRealEstate #EmilyVuRealtor #emilyvuperson...

61% of Gen Z respondents would choose pets over children

A new report highlights
How younger Canadians are prioritizing homeownership and pets over weddings and children due to the high cost of living. While homeownership is a primary goal for 73% of Gen Z Canadians, 61% are unsure if they can afford it. In contrast, 42% see marriage as an important goal, with 41% deeming it necessary.

The cost to raise a child in Canada is approximately $293,000 from birth to age 17, while owning a dog can cost up...

1. The Bank of Canada reduced its target for the overnight rate to 4,75%, with the Bank Rate at 5% and the deposit rate at 4,75%.

2. The Bank maintains its policy of balance sheet normalization.

3. Globally, the economy grew by about 3% in the first quarter of 2024, with varying performance across regions.

4. In Canada, economic growth resumed in the first quarter, albeit slower than forecasted.

5. Canada saw solid consumption growth and increased business investment and housing activity.

6. CPI inflation eased further...

In May 2024, the Metro Vancouver real estate market experienced a decline in the number of transactions compared to typical seasonal patterns. Greater Vancouver REALTORS® reported a total of 2,733 residential sales, marking a 19.9% decrease from May 2023 and a 19.6% decrease from the 10-year average for May. Factors influencing this trend include higher borrowing costs, economic concerns, and government policy interventions. Despite a 12.6% increase in new property listings compared to May 2023, the...

Canada's consumer price index fell to 2.7% in April from 2.9% in March, driven by slower food price growth, according to Statistics Canada. Food prices still increased but at a reduced rate of 1.4% in April compared to 1.9% in March. The cost of meat was the primary factor in this decline, along with non-alcoholic beverages, bakery and cereal products, fruits and nuts, and seafood.

In April, Canada unexpectedly added 90,000 jobs, though unemployment remained steady at 6.1%. The Bank of Canada maintained...