There is a well worn saying in our business: all real estate is local. And yet, real estate discussions post-pandemic have been dominated by talk of global supply chain issues, national inflation numbers & central bank interest rate hikes. But how are the local markets across Vancouver really doing? This week Dexter Realty’s Co-Owner, Managing Broker & Chief Economist Kevin Skipworth sits down with Adam & Matt to discuss our local markets using metrics that everyone seems to have forgotten lately: inventory levels & sales ratios. The devil, they say, is in the details and we go well beyond the headlines this week to parse where we are today and where we are headed. Listen up!
We discuss the start of the Fall market, the ongoing impacts of interest rates and inflation, the top areas for investment in the Lower Mainland and the province, and the type of thinking required to make lasting moves in real estate.
Back in action! Cory and Melissa have returned to the studio. This week we are joined by Jeff Hancock who specializes in land development and is joining us all the way from the William Wright Kelowna office.