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

Patrick Hung, MBA - Realtor with Grand Central Realty

1 week ago

Curious to know what housing costs in different parts of town? Want to know how strong each market is as well?My March 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

1 week ago

Greater Vancouver Housing Market Update (March 2026):"Buyers and sellers adopting a wait-and-see approach to housing market"In a nutshell for March 2026:*Sales volume compared to March 2025 decreased about 2.8% and for the month was 31.8% below the 10-year seasonal average.*The number of new listings this past month was 10.3% lower than March 2025 and 4.9% above the 10-year seasonal average.*The total number of listings available today is 1.6% higher than March 2025 and 38.0% above the 10-year seasonal average.*Benchmark pricing changes compared to February 2026:- Overall: +0.4%- Detached: +1.0%- Apartments: -0.2%- Attached: +0.1%*Sales-to-Active Ratio:- Overall: 14.2%, a 1.6% increase from February 2026.- Detached: 11.0% (+2.0%)- Attached: 17.2% (+0.6%)- Condominiums: 15.7% (+1.6%)(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-March-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 ... See MoreSee Less

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Patrick Hung, MBA - Realtor with Grand Central Realty

3 weeks ago

The BCREA released their most recent Mortgage Rate Forecast today...Highlights:- Canadian fixed mortgage rates face upward pressure as geopolitical instability sends oil soaring.- Tariffs and the Iran conflict are driving growth and inflation concerns.- The Bank of Canada is walking a tight rope of double-sided risks."Given the impact of a volatile geopolitical environment on bond yields, fixed mortgage rates have also retraced after initial declines this year, with uninsured five-year fixed rates stabilizing around 4.6 per cent. With the five-year yield rising above 3 per cent, we expect five-year fixed rates to rise slightly over the next quarter as markets price in an expected monetary policy response to rising oil prices as well as a rising risk premium. Guidance from the Bank of Canada at its April meeting will be key to the ultimate direction of fixed rates. If the Bank signals a willingness to look though a temporary rise in inflation, we could see fixed rates moderate.Variable mortgage rates have remained steady following three consecutive rate holds from the Bank of Canada. The average variable rate being offered by Canadian lenders has held at 4.1 per cent, or 35 basis points below the prime business rate. Heightened risk and elevated uncertainty mean lenders are unlikely to meaningfully change their discounts on variable rates. Ultimately, variable rate adjustments hinge on rate decisions that currently depend on the depth and length of the oil price shock. Therefore, we cautiously expect the variable rate to remain at 4.1 per cent throughout 2026."For the complete forecast: www.bcrea.bc.ca/wp-content/uploads/2026-03-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

3 weeks ago

Your March 2026 liv.rent Metro Vancouver Rent Report!At a glance...*Downtown and West End recorded some of the largest one-bedroom rent declines- Among Metro Vancouver neighbourhoods analyzed, Downtown Vancouver saw one of the biggest year-over-year drops in one-bedroom unfurnished rents, falling from $2,764/month in March 2025 to $2,383/month in March 2026 (-13.8%). The West End also declined notably, with rents dropping from $2,673/month to $2,393/month (-10.5%).*West Point Grey / UBC continues to command the highest one-bedroom rents- Even with rent declines across Vancouver, West Point Grey / UBC remained the most expensive area for one-bedroom rentals. Unfurnished one-bedroom rents averaged $2,791/month in March 2026, slightly up from $2,731/month in February 2026 and higher than areas like Downtown ($2,383) and Kitsilano ($2,171).*Surrey and Fraser Valley markets remain far more affordable than Vancouver- Markets in Surrey and the Fraser Valley remain much cheaper than Vancouver. In Newton, one-bedroom unfurnished rents averaged $1,474/month in March 2026, while Abbotsford averaged $1,520/month and Guildford $1,619, highlighting the region’s affordability gap.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

March 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

3 weeks ago

Your 3-minute March 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 (March 2026)

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BC Real Estate Association (BCREA) Chief Economist Brendon Ogmundson discusses the February 2026 statistics. Learn more at bcrea.nbc.ca/economics Fo...

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Patrick Hung, MBA

REALTOR®

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Patrick Hung, MBA - Realtor with Grand Central Realty