I am excited to share that I have joined The Agency, a vibrant new brokerage in White Rock! This transition allows me to offer exceptional marketing for your listings, utilizing innovative strategies and cutting-edge tools. As part of a team of exceptional realtors, we are dedicated to providing you with the best service when selling your home. Our collaborative approach and deep market insights ensure top-tier service and outstanding results. I will continue to sell homes across the board and help you market your homes better, always keeping your needs at the forefront. - **Inventory**: Up 14% from May - **Sales**: Down 33% - **Prices**: Remained flat What does this mean? As inventory rises and demand decreases, so does the sale price. As inventory increases and demand decreases, the sale price decreases, indicating a market correction. Current market conditions favour buyers. Buyers and sellers must engage in thoughtful conversations with their REALTOR® and lending professionals rather than rely solely on media reports about future interest rate changes. Let's navigate this market together. Contact me today to discuss your real estate needs and how we can maximize these opportunities. The latest data influencing the Bank of Canada’s interest rate decisions includes May’s inflation report. The Consumer Price Index rose unexpectedly to 2.9%, driven by higher services, mortgages, and rent costs. Core inflation also increased to 2.85%. Additionally, April’s GDP grew by 0.3%, surpassing expectations for the second quarter. With these numbers, hopes for another rate cut in July have diminished, shifting expectations to September. The following rate announcement is on July 24. Meanwhile, increased inventory and decreased sales are putting downward pressure on prices. Are you curious about how these changes impact you? 📞 Call me today to understand the market and plan your next move. Blog post content goes here