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September 5, 2023
According to the monthly report from the Real Estate Board of Greater Vancouver (REBGV), the Metro Vancouver housing market has experienced a seasonal slowdown, resulting in price stability. Here is a summary of the key points from the report:
Overall, the report indicates that the Metro Vancouver housing market has experienced a seasonal slowdown, resulting in price stability. The market has shown resilience despite higher borrowing costs and interest rate fluctuations. The sales and price trends are now aligning with historical patterns, and the market is expected to continue at a more moderate pace.
根據大溫哥華地產局（REBGV）的每月報告，大溫哥華房地產市場經歷了季節性的減緩，導致價格穩定。以下是報告中的主要要點摘要：
銷售和庫存： 2023年8月，該地區的住宅銷售總數為2,296套，較2022年8月增長21.4％。 然而，這比10年季節性平均水平低13.8％。 2023年8月的銷售活躍列表比率為23.9％。 在大溫哥華的MLS®系統上，有10,082套房屋待售，與2022年8月相比略有下降。 這相對於2022年8月下降了0.2％，比10年季節性平均水平低13.4％。
價格趨勢： 大溫哥華所有住宅物業的MLS®房價指數綜合基準價目前為1,208,400美元。 這相對於2022年8月增長了2.5％，與2023年7月相比下降了0.2％。 獨立住宅的基準價為2,018,500美元，較2022年8月增長了3.3％，與2023年7月相比增長了0.3％。 公寓住宅的基準價為770,000美元，較2022年8月增長了4.4％，與2023年7月相比下降了0.2％。 附屬住宅的基準價為1,103,900美元，較2022年8月增長了3.9％，與2023年7月相比下降了0.1％。
市場分析： 報告指出，借貸成本和較高的利率已經影響了市場。 銷售和價格趨勢現在與歷史季節性模式相一致。 銷售活躍列表比率表明目前對房價既沒有明顯的下壓力，也沒有上壓力。 然而，從歷史角度看，當該比率在幾個月內超過20％時，房價通常會上升，而當它在持續一段時間內下降至12％以下時，房價則會下降。
整體來說，該報告指出，大溫哥華房地產市場經歷了季節性的減緩，導致價格穩定。儘管借貸成本上升和利率波動，市場表現出了堅韌性。銷售和價格趨勢現在與歷史模式一致，市場預計將繼續以較緩慢的速度發展。
Summary of the July 2023 Metro Vancouver Real Estate Report/ 七月2023年溫哥華都會區房地產市場摘要:
The July 2023 Metro Vancouver real estate market exhibited strong sales, leading to a further increase in home prices across all types of properties. The report, released by the Real Estate Board of Greater Vancouver (REBGV), highlights key trends and insights in the market.
Key Points:
Insights and Reflags:
Overall, the report indicates a robust real estate market in Metro Vancouver characterized by strong sales, increasing prices, and adaptability to changing economic conditions. However, the inventory shortage and ongoing price growth warrant close monitoring to assess potential market dynamics and implications for buyers and sellers
七月2023年溫哥華都會區房地產市場摘要：
2023年7月，溫哥華都會區的房價持續攀升，各類型房屋均呈現上漲趨勢，強勁的銷售數據與區域內低房屋庫存形成了強烈對比。由大溫哥華地產局（REBGV）公佈的報告中，突出了市場的主要趨勢和見解。
關鍵要點：
見解和警示：
總的來說，該報告指出大溫哥華地區的房地產市場充滿活力，銷售強勁，價格上升，並且能夠適應不斷變化的經濟環境。然而，庫存短缺和持續的價格增長需要密切關注，以評估潛在的市場動態，並了解對買家和賣家的影響。
When buying a condo in BC Vancouver, water deductible insurance is an important factor to consider due to several reasons:
Increasing Deductibles: Strata policies for condos in Vancouver have seen a significant increase in deductibles for water damage and sewer backup claims. These deductibles can be as high as $250,000 or more. This means that if there is a water-related incident in the building, such as a pipe burst, and the damage exceeds the deductible, the condo owner may be responsible for covering the remaining amount.
Financial Responsibility: If the condo owner does not have extra insurance to cover the strata's deductible, they may be personally responsible for paying the deductible amount in case of damage caused by their unit. This can lead to a substantial financial burden, especially if the deductible is in the range of hundreds of thousands of dollars.
Limited Coverage: Standard condo insurance policies typically cover a certain amount of the strata's deductible, usually around $25,000. However, with the increasing deductibles, this coverage may not be sufficient to cover the entire amount. It is important to review your condo insurance policy and consider purchasing additional coverage to bridge the gap between the strata's deductible and your policy's coverage limits.
Availability of Coverage: Not all insurance companies offer coverage for high deductibles. It is important to shop around and find an insurance provider that offers coverage for these increased deductibles. Some companies may provide options to purchase additional coverage to protect against high deductibles.
To ensure you are adequately protected when buying a condo in BC Vancouver, it is recommended to:
Please note that the information provided here is a general overview, and it is advisable to consult with an insurance professional to understand the specific details and requirements related to water deductible insurance when buying a condo in BC Vancouver.
當在卑詩省溫哥華購買公寓時，關於水的保險墊底費是一個需要重視的重要因素，原因如下：
為確保在購買卑詩省溫哥華的公寓時獲得足夠的保護，建議您：
請注意，此處提供的信息僅為一般概述，建議諮詢保險專業人士，以了解與在卑詩省溫哥華購買公寓時的關於水的保險墊底費相關的具體細節和要求。
Governor of the Bank of Canada Monetary Policy Report Press Conference Opening Statement
July 12, 2023
Ottawa
Review and Summary:
In today's announcement, the Bank of Canada raised its policy interest rate by 25 basis points to 5% and confirmed its commitment to quantitative tightening. The decision was based on two main considerations. Firstly, while monetary policy has been effective in combating inflation, underlying inflationary pressures have proven to be more persistent than anticipated. The increase in interest rates aims to slow down economic demand and alleviate price pressures. Secondly, the bank aims to strike a balance between the risks of under- and over-tightening monetary policy, avoiding unnecessary economic hardship.
The global and Canadian economies have exhibited stronger-than-expected growth, with persistent inflationary pressures in services driven by robust demand and tight labor markets. Consumer spending on services remains strong, and there has been some pickup in activity in the housing market. Factors such as a tight labor market, wage growth exceeding what is consistent with price stability, and accumulated savings from the COVID-19 pandemic have been supporting household spending.
While consumer price index (CPI) inflation has declined, it is largely due to lower energy prices and base-year effects. Core inflation, which measures underlying inflationary pressures, has not decreased as much as anticipated. Although near-term inflation expectations are moderating, they remain high. The Bank of Canada expects economic growth to moderate, and inflation to ease over time, but at a slower pace than previously forecasted. The forecast suggests that the economy will move into modest excess supply in early 2024, relieving price pressures.
The decision to raise the policy rate reflects the persistence of excess demand and underlying inflationary pressures. The Governing Council concluded that a more restrictive monetary policy was necessary to bring inflation back to the target of 2%. While acknowledging the challenges posed by higher rates for Canadians, the Bank emphasized that the full effects of previous rate increases take time to manifest. Future rate decisions will be based on available information, with the objective of gradually returning inflation to the target level.
The Bank of Canada remains vigilant about the risks of excess demand and underlying inflation, and it acknowledges the potential for inflation to rise if there are upside surprises. The bank will carefully assess incoming data, including demand growth, wage pressures, corporate pricing behavior, and inflation expectations, to determine the appropriate course of action. The ultimate goal is to achieve price stability, which fosters sustainable economic growth and provides Canadians with confidence in budgeting and investment decisions.
2023年7月12日
Tiff Macklem 央行行长讲话 加拿大银行货币政策报告新闻发布会开场致辞 2023年7月12日 渥太华
回顾与总结：
在今天的公告中，加拿大银行将政策利率上调25个基点至5%，并确认继续量化紧缩政策。此决定基于两个主要考虑因素。首先，尽管货币政策在抑制通胀方面发挥了作用，但潜在的通胀压力比预期更持久。加息旨在减缓经济需求增长，缓解价格压力。其次，银行旨在在过紧和过松货币政策之间保持平衡，避免不必要的经济困难。
全球和加拿大经济表现出比预期更强劲的增长，服务业的持续通胀压力主要由强劲需求和紧张劳动力市场推动。消费者对服务的支出保持强劲，住房市场活动也有所回升。劳动力市场紧张、工资增长超过与价格稳定相一致的水平以及自COVID-19疫情爆发以来积累的储蓄，都在支撑家庭支出。
尽管消费者物价指数（CPI）的通胀率有所下降，但主要是由于能源价格下降和基期效应。衡量潜在通胀压力的核心通胀率下降幅度未达预期。尽管近期通胀预期有所缓和，但仍然较高。加拿大银行预计经济增长将逐渐减缓，通胀也将放缓，但速度比先前预测的慢。预测显示，经济将在2024年初进入适度供应过剩状态，从而缓解价格压力。
加息的决定反映了过剩需求和潜在通胀压力的持续存在。决策委员会得出的结论是，为了将通胀率恢复到2%的目标水平，需要实施更为严格的货币政策。银行在承认加息对加拿大人民带来的挑战时，强调以往加息所产生的全面效应需要时间来显现。未来的加息决策将基于现有信息，旨在逐步将通胀恢复到目标水平。
加拿大银行对过剩需求和潜在通胀风险保持警惕，并承认如果有上行风险，通胀可能会上升。银行将仔细评估进一步数据，包括需求增长、工资压力、企业定价行为和通胀预期，以确定适当的行动方案。最终目标是实现价格稳定，促进可持续经济增长，并使加拿大人民在预算和投资决策中充满信心。
Prompton Real Estate Services Inc.
179 Davie Street Vancouver, British Columbia V6Z 2Y1
