Canadian Real Estate At A Crossroad

After a 2 year bull-run with 20%+ annualized gains the Canadian Real Estate market is facing some headwinds.  30 year inflation highs with raw materials up 13% in the last 2 months alone along with the major economical impacts of the Russian war yet to be felt in North America will all contribute to a sentiment shift in the market.   While under construction homes are at record highs, a majority of those are rental units and won't help the low supply issue.   Couple that with rising construction costs causing new building permits to back off, down 19% in the last year alone.    Meanwhile, employment rates are at an all time high with 900,000 job vacancies across Canada and 1 in 4 businesses offer higher wages this year.    The market is clearly being pulled in 2 directions right now and what we can guarantee is that the next 2 years will look very different than the last 2. www.thevancouverlife.com_________________________________ Contact Us To Book Your Private Consultation:📆 https://calendly.com/thevancouverlifeDan Wurtele, PREC, [email protected] Dash PREC778.898.0089 [email protected] www.thevancouverlife.com