The Vancouver Life Real Estate Podcast

This week we return to talk about the looming Federal election as we dissect each parties housing platform and whether the promises made by the leaders of each respective party are what we collectively need to address extremely low levels of housing supply, increasing populations and increasing unaffordability. Are their promises feasible? Are they the right measures in today’s global economy and is banning foreign ownership going to have dire, unforeseen consequences? Tune in and see for yourself! _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

Vince Taylor, President of Pilothouse Project Marketing, joins us on this episode where he shares his wealth of Real Estate knowledge accumulated over 20+ years in the Industry.  We dive into housing affordability, why it takes developers so long to bring new products to market, his views on taxation and supply vs demand. Vince gives us an insight into where he sees the BC real estate market going forward, and even shares his #1 city most recommended to invest in.  _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

Inventory in Metro Vancouver is hovering around the 10,000 mark - the same amount it was in August of 2005.   The difference is, there are over 500,000 more people living here since then.   Understandably that makes for a very tight market.   Inventory has been dropping for 6 straight years and there are less than HALF the homes available than there was in 2015.   We dive into what is causing this lack of availability and if the record breaking building permits out there will help ease this pressure anytime soon.  _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

Both Median & Average homes prices in Vancouver are down over $60,000 in the last 3 months.   As we dig deep into the July Real Estate stats we uncover what is driving this downward pressure on prices, and give our predictions into how much longer the downward trend will go on.  Incredibly tight inventory coupled with extremely low new listings are creating a baseline effect and with new mortgage applications at a record high, the fall market may be poised for another serious run up.     _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

July sales slowed to the lowest amount seen in 6 months, and are down 40% since March.  The bigger story is that new listings were the lowest for the month in 20 years, leaving total inventory down 19% from last year, and keeping real estate favouring sellers.  Canadian inventory is at a 20 year low and BC has less than half the homes available for sale than just 6 years ago. Mortgage credit is ramping up where June saw the highest amount of mortgage applications applied for in Canadian history.  Insolvencies are down 40% since January 2020 and savings is up by $120B during the same time. Q1 2020 saw $11B go towards unscheduled mortgage pay downs and credit card delinquencies just hit their lowest rate on record, 1.3%  People are cash, and house, rich with a tonne of new credit coming down the pipeline.  Oh, and the government just extended their stimulus until October 23.  All this is setting up for a very active fall market. _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

Recent population growth estimates target 1 Million additional people living in Metro Vancouver by 2050.   Is housing growth on target to match this?   What about rezoning and densifying targets?    Will building permits become quicker to obtain and what about access to credit?   We dive into all these questions and give our projections for housing over the next 29 years. _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

Home prices are dropping noticeably in the first 2 weeks of July, especially in the detached segment of the market.   In this episode we dig into what is causing this drop and what you should be looking out for.   We take a look at the important data affecting home sales and future outlooks for real estate markets nationally plus a hyper focused look on what is happening locally.  _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

The June 2021 Vancouver Real Estate Market stats are out and the numbers are all quite flat, especially when it comes to prices.  BUT this is coming off of a 20 month bull run - making a flat price month very different than what we've seen in the recent past.   So does this softening set us up for a downward trend in summer?   Some of the data is already pointing that way.  In this episode we dive into the data and share with you what to expect next in the Vancouver housing market.  _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

With the average Vancouver home increasing in value by over $150,000 in just the last year, property owners are looking at their equity as an opportunity to invest.  In this episode we explore how you can borrow against your home and look at 3 real estate options of how to invest it.   _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com

If you have tried to buy a home recently you've likely noticed that there doesn't seem to be a lot of options available, well, you're not wrong.   There are less than HALF the amount of homes for sale today then there were just 6 years ago.  This has understandably put upward pressure on prices, where in the last 12 months, the average Canadian home price has increased 25%, or $140,000.    These record high prices coupled with record savings and decreasing debt ratios has Canadians feeling rich and ready to buy more.   We dive into the current state of affairs and disseminate what to expect next.  www.thevancouverlife.com _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 dan@thevancouverlife.com Ryan Dash PREC 778.898.0089 ryan@thevancouverlife.com www.thevancouverlife.com