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The Market Watch #5
Vancouver Real Estate Trends.
#️⃣5️⃣
Hi All
We have an another monthly shot of ☕️ Real Estate Espresso for you - a list of what I’m pondering, exploring and naturally some Updates on our Local Real Estate Market!
Feel free to forward along if the spirit moves you. Let’s catch up again on October 23rd 2024 when the Bank of Canada makes it next Interest Rate Announcement.
Ciao 👋
Gerald ;)
PS: This issue is sponsored by non other than … Gerald Chan Realtor !
BANK OF CANADA UPDATE
Bank of Canada drops Rate!
As we had all expected, the Bank of Canada reduced it’s rate a further .25% in response to the gradual lowering of the inflation rate which currently sits at 2.5% - a slight drop from 2.7% in June 2024.
We’re getting closer to the 2% target the BOC is aiming for. This is welcomed news :)
ASSIGNMENTS
Is this an Option for you?
Sometimes people who have bought Pre-Sale units experience life changes!
Let’s take a look at what Assignments are. I you’d like more intel, feel free to call me at 778-318-5272 - look forward to your call!
RICHMOND FOODCOURTS.
Cash Only …
One of the crazy things about our food scene in Richmond is the “Cash Only” phenomenon!
I’ve been caught out!
I said, “I’ll get the Bill, Tony!!!”. After some debate I trot off to pay … CASH ONLY!
Now what do I do because I seldom carry cash. Embarrassed, I head back to our table … hey Tony lol …
The moral of the story: If you plan to eat out in Richmond, make sure the restaurant or vendor accepts payments other than cash. Buy the way some accept AliPay which isn’t much help to me either hehe.