Investing Matters: Residential Real Estate Market Trends, COVID’s Impact, and Future Outlook with The Vancouver Life

The Wealth Exchange

In this episode of Investing Matters, Ethan Astaneh is joined by Dan Wurtele and Ryan Dash, partners at The Vancouver Life Real Estate Group, to examine the current state of Vancouver’s residential real estate market. Together, they explore the latest market trends, including the shift towards a balanced market and the impact of the pandemic on housing dynamics.

Dan and Ryan provide a high-level overview of the market in the Greater Vancouver area, discussing the differences between hyper-local markets and the overall market conditions. They break down the performance of different asset classes, from detached homes and townhomes to condos, highlighting key metrics like the sales-to-active listings ratio.

They also discuss the effects of rising and falling interest rates on market activity, the challenges faced by investors, and the opportunities for end-users. The conversation touches on the implications of immigration policies, the current state of building permits and housing starts, and the potential future of Vancouver’s downtown core.