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Patrick Hung, MBA

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Patrick Hung, MBA - Realtor with Grand Central Realty

5 hours ago

Patrick Hung, MBA - Realtor with Grand Central Realty
Greater Vancouver Housing Market Update (September 2026):"Apartments lead sales downward"In a nutshell for September 2026:*Sales volume compared to September 2025 decreased about 8.4% and for the month was 25.0% below the 10-year seasonal average.*The number of new listings this past month was 10.3% lower than September 2025 and was 5.7% above the 10-year seasonal average.*The total number of listings available today is 4.0% lower than September 2025 and 24.3% above the 10-year seasonal average.*Benchmark pricing changes compared to August 2026:- Overall: -0.6%- Detached: -0.8%- Apartments: -0.5%- Attached: -1.2%*Sales-to-Active Ratio:- Overall: 10.9%, a 1.4% decrease from August 2026.- Detached: 9.7% (+0.1%)- Attached: 12.2% (-2.9%)- Condominiums: 11.4% (-2.3%)(Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12% mark for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months)For the complete news report: members.gvrealtors.ca/news/GVR-Stats-Package-September-2026.pdfQuestions? Let's chat!604-715-9908 or Patrick@PatrickHung.ca!Not planning to buy or sell yourself? Maybe one of your friends or family members is! Ask me about my Referral Gifts!#RealEstate #SOLD #BuyBuyBuy ...

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Patrick Hung, MBA - Realtor with Grand Central Realty

5 hours ago

Patrick Hung, MBA - Realtor with Grand Central Realty
The BCREA recently released their updated Mortgage Rate Forecast:Highlights:- Rising inflation risk has pushed yields higher and could drive the five-year fixed mortgage rate to above 5 per cent.- The economy rebounded strongly in the second quarter, but growth is expected to slow as tariffs weigh on exports and add modest inflation pressure.- Our baseline for the Bank of Canada overnight rate remains unchanged through 2026, but the risk of earlier rate hikes has increased if energy prices and inflation expectations continue to rise.For the complete forecast: www.bcrea.bc.ca/wp-content/uploads/2026-10-mortgagerateforecast_.pdfQuestions? Let's chat!604-715-9908 or Patrick@PatrickHung.ca!Not planning to buy or sell yourself? Maybe one of your friends or family members is! Ask me about my Referral Gif#realestates#sold##buybuybuyuyBuy ...

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Patrick Hung, MBA - Realtor with Grand Central Realty

2 weeks ago

Patrick Hung, MBA - Realtor with Grand Central Realty
Your September 2026 liv.rent Metro Vancouver Rent Report!At a glance...*Vancouver was the only Metro Vancouver city where unfurnished one-bedroom rents rose year-over-year- Eight of the nine Metro Vancouver cities posted lower unfurnished one-bedroom rents than September 2025, with declines ranging from 2.19% in West Vancouver to 12.19% in Richmond. Vancouver moved the opposite way, rising 3.32% year-over-year to $2,328. Across the region as a whole, the average unfurnished one-bedroom rent decreased 3.95% year-over-year to $2,085.*Richmond posted the steepest year-over-year decline of any Metro Vancouver city- Richmond’s unfurnished one-bedroom rents fell 12.19% year-over-year, from $2,273 in September 2025 to $1,996 this month, a drop of $277 and the largest decline in the dataset. Richmond’s unfurnished one-bedroom rent also fell 5.22% since August alone, the steepest month-over-month move of any city this month.*Three-bedroom rents moved opposite one- and two-bedroom rents in most Metro Vancouver cities- In Burnaby, Surrey, Coquitlam, and New Westminster, unfurnished one- and two-bedroom rents both decreased since August while unfurnished three-bedroom rents increased. In Vancouver and North Vancouver, the pattern flipped: one- and two-bedroom unfurnished rents rose while three-bedroom rents fell. Furnished units showed a similar split in Burnaby and Richmond, where furnished one- and two-bedroom rents fell while furnished three-bedroom rents climbed 7.52% and 3.10% respectively.Renters... Why pay off your landlord's mortgage when you can pay off your own instead? You can get in with as little as a 5% down-payment!!!Investors & Renters... It's a good time to buy! Inventory has built up and sales volumes are well below average! The developers are providing discounts as well!Questions? Let's chat!604-715-9908 or Patrick@PatrickHung.ca!Not planning to buy or sell yourself? Maybe one of your friends or family members is! Ask me about my Referral Gifts!#RealEstate #SOLD #BuyBuyBuy ...

September 2026 Metro Vancouver rent report

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A report carried out examining the rental landscape of metro Vancouver in the detailed and most trusted Vancouver Rent Report by liv.rent
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Patrick Hung, MBA - Realtor with Grand Central Realty

3 weeks ago

Patrick Hung, MBA - Realtor with Grand Central Realty
Your 3-minute September 2026 British Columbia Housing Market Update video!Questions? Let's chat!604-715-9908 or Patrick@PatrickHung.ca!Not planning to buy or sell yourself? Maybe one of your friends or family members is! Ask me about my Referral Gif#realestates#sold##buybuybuyuyBuy ...

BCREA Housing Market Update (September 2026)

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BC Real Estate Association (BCREA) Chief Economist Brendon Ogmundso...

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Patrick Hung, MBA - Realtor with Grand Central Realty

3 weeks ago

Patrick Hung, MBA - Realtor with Grand Central Realty
British Columbia Housing Market Update (August 2026)Slow but Steady Sales Recovery Continues in the BC Market“Provincial home sales remain well below long-term averages but have been steadily improving throughout the year,” said BCREA Chief Economist Brendon Ogmundson. “We expect a gradual recovery in sales to continue, though new tariffs and a recent spike in long-term interest rates add a layer of risk to that scenario.”For the complete news release: www.bcrea.bc.ca/wp-content/uploads/2026-08.pdfQuestions? Let's chat!604-715-9908 or Patrick@PatrickHung.ca!Not planning to buy or sell yourself? Maybe one of your friends or family members is! Ask me about my Referral Gifts!#RealEstate #SOLD #BuyBuyBuy ...

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Patrick Hung, MBA

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