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

Patrick Hung, MBA - Realtor with Grand Central Realty

2 days ago

Curious to know what housing costs in different parts of town? Want to know how strong each market is as well?My June 2026 stats sheet is now ready, so please check it out!Don't see your neighbourhood? Ask me for it!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 Referra#realestateR#soldt#buybuybuy#BuyBuyBuy ... See MoreSee Less

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Patrick Hung, MBA - Realtor with Grand Central Realty

5 days ago

Greater Vancouver Housing Market Update (June 2026):"Greater Vancouver home sales pick up at the start of summer"In a nutshell for June 2026:*Sales volume compared to June 2025 increased about 9.6% and for the month was 12.4% below the 10-year seasonal average.*The number of new listings this past month was 6.0% lower than June 2025 and 5.9% above the 10-year seasonal average.*The total number of listings available today is 3.1% lower than June 2025 and 30.2% above the 10-year seasonal average.*Benchmark pricing changes compared to May 2026:- Overall: -0.1%- Detached: -0.3%- Apartments: -0.4%- Attached: -0.2%*Sales-to-Active Ratio:- Overall: 14.6%, a 1.5% increase from May 2026.- Detached: 12.0% (+1.3%)- Attached: 17.8% (+2.4%)- Condominiums: 15.5% (+1.3%)(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: www.gvrealtors.ca/content/dam/rebgv_org_content/monthly-market-reports/GVR-Stats-Package-June-202...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

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Patrick Hung, MBA - Realtor with Grand Central Realty

1 week ago

Your June 2026 liv.rent Metro Vancouver Rent Report!At a glance...*Langley records Metro Vancouver’s largest one-bedroom rent decline- Langley saw the steepest drop in one-bedroom unfurnished rents among major Metro Vancouver municipalities, falling 13.71% since the start of the year and 8.11% year-over-year. The decline lowered average rents to $1,744, making Langley the region’s second most affordable rental market behind Surrey.*West Vancouver remains the region’s most resilient premium rental market- West Vancouver continued to command the highest rents across all major unit types, with one-bedroom units averaging $2,538, two-bedroom units averaging $3,616, and three-bedroom units averaging $4,954. Year-over-year changes remained minimal at -2.31%, +1.06%, and -1.14%, respectively, highlighting continued stability in the premium rental segment.*Smaller rental units experience larger annual corrections- One-bedroom unfurnished rents recorded the largest year-over-year decline across Metro Vancouver, falling 5.98%, compared to 5.09% for two-bedroom units and 4.03% for three-bedroom units. The trend suggests larger rental homes have remained more resilient than smaller units over the past year.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 ... See MoreSee Less

June 2026 Metro Vancouver Rent Report | liv.rent blog

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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

1 week ago

BCREA Mortgage Rate Forecast (Jun. 2026)Highlights:- Canadian fixed mortgage rates are climbing as the oil price shock persists.- Global conflict and trade uncertainty are pushing growth and inflation in opposite directions.- The Bank of Canada remains resolute amidst double-sided risks."Canadian borrowers were effectively denied a period of lower rates that should have extended through much of 2026. The drop in bond yields seen earlier this year has been erased, as the Iran conflict and ensuing oil shock have driven yields back to early‑2025 levels.With the Strait of Hormuz remaining under contest, bond markets continue facing upward risks and pressure, pushing fixed mortgage rates to 4.7 per cent. However, a tentative peace agreement between the United States and Iran has unwound some of this pressure. Yields have cooled in recent weeks, underpinned both by the recent peace talks and shifting central bank sentiment, helping to quell inflation concerns.Given the lack of pass-through so far from spiking energy prices into broader consumer prices, alongside a recovering but still weak Canadian labour market, we may not see a change in the overnight rate this year, despite current expectations of rate increases priced into financial markets. With this in mind, uninsured fixed rates may temporarily retrace to under 4.5 per cent in the short term as yields fall before rising next year as the Bank of Canada returns its overnight rate to 2.75 per cent.Variable mortgage rates have ticked up after remaining steady across five consecutive rate holds from the Bank of Canada. Lenders have slightly reduced their discounts to protect their margins, pushing rates to 4.2 per cent, roughly 25 basis points below the prime business rate. Overall, the trajectory of variable rates depends on the Bank of Canada’s response to the double-sided risks facing the economy. Given our cautious outlook of the Bank holding throughout the year, we expect variable rates to fall back to 4.1 per cent in 2026 as lenders increase their discounts to levels seen in the spring."For the complete news release: www.bcrea.bc.ca/wp-content/uploads/2026-06-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

4 weeks ago

Your 3-minute June 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 ... See MoreSee Less

BCREA Housing Market Update (June 2026)

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

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Patrick Hung, MBA

REALTOR®

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Patrick Hung, MBA - Realtor with Grand Central Realty