Welcome to 2024! Vancouver's housing market is currently uncertain, yet there's a strong possibility that interest rates may drop this year. As a result, activity has picked up - sales are up by 38.5% from last year! This has brought our housing supply to a more balanced level, with the months of inventory sitting at six.

House prices have been gradually declining since July 2023, and they dropped a bit more (0.6%) in January. The price fluctuations vary between different areas, so make sure to download the SnapStats report understanding how your market is performing.

The Bank of Canada has forecasted a strong spring market, which could impact the timing of their interest rate decisions. This means sellers currently have a good opportunity with many buyers out there, but buyers might face more competition in the spring. Again, it all ties back to supply and demand.

Overall, Vancouver's housing market presents both challenges and opportunities. Whether you're buying or selling, staying informed about these changes is crucial for making smart real estate decisions this year.

歡迎來到 2024 年！溫哥華的房地產市場現在相當不確定，但今年利率可能會降低的機會很大。因此，市場活動有所增加 - 與去年相比，銷售量增加了 38.5%！這使我們的房屋供應達到了更平衡的水平，庫存月份為六個月。

自 2023 年 7 月以來，房價一直在慢慢下降，到了 1 月份又再下降了 0.6%。價格波動因地區而異，所以請務必下載 SnapStats 報告，以了解您所在市場的表現。

加拿大銀行預測春季市場將會很強勁，這可能會影響他們的利率決策時機。這意味著賣家現在有很好的機會因為有很多買家，但買家在春季可能會遇到更多的競爭。再次強調，這一切都與供需有關。

總的來說，溫哥華的房地產市場既有挑戰也有機會。無論您是買房還是賣房，了解這些變化對於今年做出明智的房地產決策至關重要。