CREST REALTY
RE/MAX Crest Realty 1428 W 7th Avenue Vancouver, BC V6H 1C1 Each Office Independently Owned and Operated.
ATTENTION POSTMASTER: Time Sensitive Materials
Karen Carter
Personal Real Estate Corporation
604.837.7325
Real Estate Market Report | June 2022
Douglas Park www.LivingDouglasPark.com
Karen@LivingDouglasPark.com www.LivingDouglasPark.com
Published by REAL Marketing (RM) | www.REALMarketing4You.com | 604.841.1739 | ©2022
THE IMPACT OF
RISING MORTGAGE RATES LEONARDO AND ANGELICA, If you are thinking of selling, now may be the perfect time to act. Listing your home this season means you’ll be in front of serious buyers who have secured their preapproved mortgage rates. If you are ready to make a move, call me today at 604.837.7325.
RAT E S A RE O N T H E RISE The Bank of Canada began normalizing its monetary policy in March, making higher rates a reality. In fact, mortgage rates are quickly returning to pre-pandemic levels. While that news may have you questioning the timing of selling your home, the interest rates are expected to continue to increase through this year. With each 1% increase in interest rates, the Buyer’s purchasing power drops about 10%. Rising interest rates may greatly reduce the number of qualified buyers, affecting what your home sells for. However, serious buyers are approaching the rising rates as a motivating factor to buy sooner before rates increase even more.
Presented by Karen Carter Your Douglas Park Real Estate Specialist
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W H AT D OE S T H IS M E AN FO R YOU ? Listing your home now, puts your home in front of Buyer’s who want to secure a home before their pre-approvals expire. If you are wanting to sell this year, getting on the market now, before the interest rates increase again, is your best opportunity to sell for the best price. . Let’s make your home stand out from the crowd!
AG E N T C A R T E R
Thinking Vancouver Real Estate? Think Agent Carter!