As 30-year mortgage rates surge past the 7% mark, a significant number of current homeowners seem hesitant to sell their properties, fearing the prospect of acquiring a new, pricier mortgage. The combination of reduced housing inventories and elevated borrowing expenses has led to a prominent concern: home affordability, which is now a pressing issue for prospective buyers.

Denny and Monica discuss their observations of the local markets and delve into how elevated interest rates are impacting everyday real estate deals.

This episode will focus on interest rates and how they are affecting local markets, BoC holding last meeting, certain neighbourhoods busier than others, investors dumping small investments, BC housing goals and rate predictions for the future.

Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel - https://www.youtube.com/channel/UCHK2L-KswYO93195yndFAmA

Please email us at [email protected]

James Garbutt Instagram: https://www.instagram.com/jamesgarbutt Facebook: https://www.facebook.com/jamesgarbutt Website: https://jamesgarbutt.com

Denny Dumas Instagram: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com

Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca

Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca