Market Update: Vancouver Buyers Wake Up to a Rate Cut — But Are Prices Following?
Description
The Bank of Canada's latest rate cut has buyers hopeful, but the Vancouver market tells a different story. Despite lower borrowing costs, inventory continues to climb, and many homes are still sitting as we move deeper into a true buyer's market.
James and Denny share what they're seeing firsthand as realtors in today's shifting market — listings sitting longer, price reductions becoming common, and buyers taking their time. They discuss how this new phase is changing strategies for both buyers and sellers as confidence slowly rebuilds after the BoC's latest rate cut.
This episode will focus on the most recent BoC rate cut, how lower rates are (and aren't) impacting buyer activity in Vancouver and surrounding areas, rising inventory levels, buyer and seller psychology, and market outlook for the next few months.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel
Email us at garbuttdumaspodcast@gmail.com
James Garbutt
james@gdrealestate.ca
Instagram: /jamesgarbutt
Facebook: /jamesgarbutt
Denny Dumas
denny@gdrealestate.ca
Instagram: /denny.dumas
Facebook: /denny.dumas.5
Garbutt + Dumas Real Estate
Instagram: /gdrealestateteam
Facebook: /gdrealestateteam
Website: garbuttdumas.ca
United States
