Buyer Optimism Rises as Competition Eases (February 2024)
Are you sensing a shift in the Vancouver market?
We're seeing encouraging signs for buyers, with increased optimism fuelled by potential interest rate cuts and a slight easing of the tight inventory that's plagued the region in recent months. However, sellers retain strong positions in key areas like Burnaby and Coquitlam. This post breaks down the latest market trends, spotlights neighbourhoods where competition is heating up (or cooling off!), and helps buyers and sellers navigate this complex landscape. Insider tip: With 8 years in the business, I know the spring market really kicks into gear after Valentine's Day! Take advantage of this long weekend to get out and view some homes - I'd be delighted to set up a personalized home tour for you.
