IDX Wrapper | Patrick Hung, MBA - REALTOR® with Grand Central Realty

Patrick Hung, MBA - Realtor with Grand Central Realty

6 hours ago

Greater Vancouver Housing Market Update (June 2025):"Home sale trend stabilizing in June "In a nutshell for June 2025:*Sales volume compared to June 2024 decreased about 9.8% and for the month was 25.8% below the 10-year seasonal average.*The total number of listings available today is 23.8% higher than June 2024 and 43.7% above the 10-year seasonal average.*Pricing changes compared to May 2025:- Overall: -0.3%- Detached: -0.1%- Apartments: -1.2%- Attached: -0.3%*Sales-to-Active Ratio:- Overall: 12.8%, a 0.6% decrease from May 2025.- Detached: 9.9% (-0.3%)- Attached: 16.9% (-0.5%)- Condominiums: 13.9% (-0.8%)(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-June-2025.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 ... See MoreSee Less

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Patrick Hung, MBA - Realtor with Grand Central Realty

2 weeks ago

The BCREA released their quarterly Mortgage Rate Forecast today!Highlights:- Canadian mortgage rates have held steady amidst a volatile bond market.- Economic growth patterns are being driven by tariff avoidance in the first quarter, but signs of slowing are emerging.- The Bank of Canada remains on hold, but we expect rate cuts to resume in July."Amidst a volatile but generally rising yield environment, fixed mortgage rates have held steady. The average five-year fixed mortgage rate offered by Canadian lenders has remained in a range of 4.25 to 4.5 per cent. While we expect fixed rates to fall 15 to 20 basis points by the end of the year as the Canadian economy weakens, global factors could pull mortgage rates higher in the short term.Variable mortgage rates have fallen significantly over the past year as the Bank of Canada has lowered its policy rate, but now hover close to fixed rates as the Bank of Canada moves to the sidelines. We anticipate the Bank will lower its overnight rate two more times this year, bringing the average variable mortgage rate down to around 4 per cent."For the complete news release: www.bcrea.bc.ca/wp-content/uploads/2025-06-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 Gifts!#RealEstate #SOLD #BuyBuyBuy ... See MoreSee Less

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Patrick Hung, MBA - Realtor with Grand Central Realty

2 weeks ago

Your 3-minute June 2025 British Columbia Housing Market Update!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 ... See MoreSee Less

BCREA Housing Market Update (June 2025)

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BC Real Estate Association (BCREA) Chief Economist Brendon Ogmundson discusses the May 2025 statistics.Learn more at bcrea.bc.ca/economics Follow BCR...

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Patrick Hung, MBA - Realtor with Grand Central Realty

2 weeks ago

Your June 2025 liv.rent Metro Vancouver Rent Report!At a glance...*Metro Vancouver average rents down $114/month YoY- Rents for unfurnished one-bedrooms in Metro Vancouver continue to decline, with the average price falling by $52 in June alone. Compared to the same time last year, that’s a total drop of $114/month, bringing the current average down to $2,223/month across the region.*Average prices for furnished & unfurnished units in Metro Vancouver fell by over 2% this June- Both furnished and unfurnished one-bedroom units in Metro Vancouver dropped over 2% in June. Furnished units now average $2,333/month (-2.32%), while unfurnished units sit slightly lower at $2,223/month (-2.27%). Despite the dip, furnished units continue to command a premium, averaging $110 more per month than their unfurnished counterparts.*$869/month separates Vancouver’s most vs least expensive neighbourhoods- $869/month now separates Vancouver’s most expensive and most affordable neighbourhoods. At the high end, Downtown tops the list with an average rent of $2,764/month, while Hastings-Sunrise remains the most budget-friendly at just $1,895/month for a one-bedroom unfurnished unit.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 over the last few months and sales volumes are well below average!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 ... See MoreSee Less

June 2025 Metro Vancouver Rent Report | liv.rent blog

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A report carried out by liv.rent examining the rental landscape of metro Vancouver.

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Patrick Hung, MBA - Realtor with Grand Central Realty

3 weeks ago

British Columbia Housing Market Update (June 2025):Uncertainty Continues to Hold Back Sales Activity in BC“All regions of BC have seen declining home sales activity through the first five months of the year with more expensive markets slowing the most,” said BCREA Chief Economist Brendon Ogmundson. “Given that uncertainty is the main driver of the slowdown, we should see activity begin to recover as that uncertainty hopefully fades over the second half of the year.”For the complete news release: www.bcrea.bc.ca/wp-content/uploads/2025-05.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 ... See MoreSee Less

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Patrick Hung, MBA

REALTOR®

CARING. HARDWORKING. RELIABLE.

Patrick Hung, MBA - Realtor with Grand Central Realty