The Vancouver Life Real Estate Podcast

The Vancouver Life Real Estate Podcast is officially 1 Year Old  and has just surpassed the 10,000 downloads mark!  We wanted to say a very heartfelt Thank You to everyone that has listened and subscribed.  It really means the world to us.     In this episode we take a step away from real estate to take the opportunity to interview each other!  We secretly came up with 3 questions to ask each member of the team as a way for you to get to know us better.  The answers are quite inventive and we hope you enjoy this episode as much as we did recording it for you.  _________________________________ 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

As we emerge from a year and a half of pandemic lock downs and restrictions that radically changed what people look for in a home - what happens now?   Are buying habits going to look similar to what they did pre-pandemic?  Or have our housing needs changed forever?   Will businesses require people to come back to their downtown offices?   We look into these questions and share what's happening so far with the June 2021 sales numbers.  _________________________________ 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

After a 21 Month Bull Run that saw average home prices increase by 19% the indicators are now pointing downwards.  We are past the peak of the market and you can expect prices to correct over the upcoming months.   We deep dive into the May 2021 statistics and peel back the layers to provide you insights and predictions as to where prices are going next and how long it'll take to get there.  _________________________________ 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 pandemic impacted the commercial sector of real estate as well.   Understandably office buildings took a serious hit while, maybe not so expectedly, the demand for industrial properties skyrocketed.   In this episode we sit with Liam Simpson from William Wright Commercial Real Estate Services to take a deeper look into how each commercial asset class performed during the pandemic, where and when he sees the demand for office space to return, and where investors are putting their money today. _________________________________ 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

April inflation hit a 10-Year high and it triggered a warning from the Bank of Canada letting people know that interest rate increases are coming.   While they didn't say exactly when, this is a notable change of tone from just a few short weeks ago when the promise of record low rates maintaining until 2023 were echoed.  Second to that, the recommended increase to the Stress Test was confirmed today, lowering buying power by around 4.5%   We look at the effects these changes are going to have and discuss the national housing shortage in Canada, with notably the lowest homes per capita of all the G7 Countries. _________________________________ 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 sales data from the first 2 weeks of May shows that real estate prices have begun falling.   The Median price is off 6% already this month and every indicator is pointing towards a further decrease in price.  Inventory is increasing, sales are slowing, new listings are high and the sales to active listings ratio is down 22% from just 2 months ago.  Now, be careful to understand that this does not mean ALL property prices are decreasing, there is still tremendous activity and price growth for many sub $800k properties - but this is the beginning of the downward cycle in the market, putting an end to a 20 month bull-run that saw average home prices increase over $168,000.    _________________________________ 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 hit a new all-time high record in April as did sales volumes for the month.   BUT there are a number of key indicators that are pointing to an imminent slowdown, and soon.   Inventory is climbing, fast, sales ratios are dropping, multiple offers are fewer and further between, appreciate rates are slowing and the overall market sentiment has changed.   We dive deep into the numbers and bring you our anecdotal stories of whats happening at a ground level for us and our colleagues. _________________________________ 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 signs are becoming ever more clear that the Vancouver Real Estate Market is about to hit the top.   Multiple Offer scenarios are becoming fewer and farther in-between, price reduction emails are hitting our inbox, Inventory is climbing and days on market is increasing.   We dig deeper into the data and share our predictions into when and how much the market will drop once it hits the peak.    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

The first federal budget released in almost 2 years came out on Monday, and noticeably missing from it was any policies that would cool the housing market.   Is this really a surprise?  With 3/4 of Canadians homeowners, and 45% of homes owned outright with no mortgage, is there really a crisis?  Or do non-homeowners simply have a louder voice right now?   Who is the government trying to favour with their budget, the have-nots, or the have-yachts?  We explore both sides of this argument and uncover that the government is actually suppressing supply while elevating demand.    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

The Pre Sale Market hit a 59% absorption rate in March with 845 units selling.  That is the highest it's been since early 2018 - similar to the records set by the resale market.   A recent 227 unit tower sold out in 5 days, and the demand is increasing.  We dig into whats happening in the near future and how you can get involved.   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