Happy New Year! I hope everything is going well for you and you had a good Holiday Season. Heading into 2022, the market hasn't cooled at all. Record low inventory and high demand is still driving multiple offers and record prices. Most of you would have already received your BC Tax Assessment and have seen huge gains on your home values. If you have any questions about your assessment please let me know and I would be happy to chat with you about it.
It is difficult to predict what will happen in the real estate market. Based on what I am seeing out there with extremely low inventory, low interest rates, and high demand I do not see the market slowing down any time soon. For those of you who have been sitting on the fence about getting into the market, or have children that are renting and not sure what to do, I am recommending people just get into the market sooner than later. Even if that means buying something that isn't an ideal home. You can always upgrade later when the market is more balanced and you would have already built equity. I think prices will continue to climb this year as it will take quite a bit of new inventory to take the pressure off the market. Even with government intervention, it doesn't fix supply and demand in the long run.
Again, thank you for all of your support last year and we look forward to serving you in 2022. If you have any questions about real estate we are always here to help.
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