Vancouver Real Estate News from Andrea Rozenberg September 2024   
It’s important to have a strong relationship with your agent in order to ensure top-notch service. This month’s article shares a few tips on how to get the most out of your real estate agent. There are also some great ideas on how to create a harmonious flow throughout your home using the ancient art of feng shui. Thanks for checking out this month's newsletter. Please reach out if you ever have any questions about real estate, even if it’s just to find out what the house down the street sold for. It’d be great to hear from you!
VANCOUVER REAL ESTATE UPDATE  https://www.youtube.com/watch?v=ki2LQMzVCwIPlease don't hesitate to reach out for detailed stats that are specific to your neighborhood, or even if you're just curious about what the house down the street sold for – it'd be great to hear from you! BC CULTURE DAYS IN VANCOUVER  Celebrate art, culture and heritage in and around the Vancouver area! BC Culture Days is a province-wide festival that’s held over three weeks to celebrate art, culture and heritage in our community. It’s packed with free, interactive events that are hosted by various different artists and cultural organizations across the province. The “Intercultural Interplay” series is new this year and is led by local artists who will help attendees learn about each other's individual and collective histories and help create valuable community connections. BC Culture Days kicks off on Friday, September 20th and runs until Sunday, October 13th. You can just show up to most events but certain ones will need to be registered for in advance. There’s something for everyone to enjoy at the BC Culture Days festival so come out and help support art and culture in our community. Hope to see you at one of the events! BANK OF CANADA RATE UPDATE  Bank of Canada announces third consecutive policy rate cut. The Bank of Canada reduced its target once again for the overnight lending rate from 4.5% to 4.25%. The move was announced on Wednesday, September 4, and was widely expected by financial markets, making it the Bank’s third rate reduction since the onset of the pandemic. Canada’s economy picked up in the second quarter of 2024, according to the Bank of Canada, although early indicators show a softening in economic activity. The Bank also stated the labour market continues to slow. The Bank of Canada continues to focus on elevated housing costs as a significant contributor to inflation; however, it also mentioned both headline and core measures of inflation have moderated and are close to historical norms. Although excess supply in the economy is helping to lower inflation, the Bank is also monitoring housing and services costs that are pulling inflation in the opposite direction. The Bank stated future monetary policy decisions "will be guided by incoming information" and its assessment of whether further rate cuts are necessary to keep inflation in check. The Bank of Canada will make its next scheduled interest rate announcement on Wednesday, October 23 and will publish its full outlook for the economy and inflation in its next Monetary Policy Report at that time. GETTING THE MOST OUT OF YOUR AGENT |
