June 2021 Newsletter Introduction

Hello  Real Estate Interestee –  

***Just want to apologize a head of time that moving forward till the end of the year – I may not be able to post my newsletter as frequently or it may get delayed since I’m current taking leave to take care of little baby and learning to be a new mom as well. Thank you for your patience and support. 

We’ve been pretty lucky here on the West Coast to enjoy some amazing and hot weather. Summer is coming right around the corner. Dine in is open and we’re looking forward to the light at the end of the tunnel with the COVID-19 being more controlled. A little more patience we can slowly resume back to seeing friends and love ones, and travelling. So what is the somewhat market speculation or forecast – unfortunately – I don’t have a crystal ball to tell you that – but as we head into the Summer season, we would probably see possible slow down in the market since we would want to spend more time outside and less focus on wanting to buy / sell. Also the new stress test that had taken effect as of June 1, 2021 may have deterred some new buyers and new sellers to enter the market as it will face tougher rules that decrease the buying powers of most buyers. At the moment, prices in certain types of homes have stayed balanced with less competition to drive the price up compared to early in the year. 

Some updates:

As of June 4th – B.C. health officials announced 183 new cases of COVID-19 and one more death on Friday.

A total of 224 people are in hospital, with 59 in intensive care — the lowest ICU number that B.C. has seen this year.

Overall hospitalizations, which typically lag behind spikes and dips in new cases, are down by 23 per cent from last Friday, when 292 people were in hospital with the disease. The number of patients in intensive care is down by about 25 per cent from 79 a week ago

Henry provided further information this week on how B.C. residents will receive their second dose of COVID-19 vaccine, reiterating guidelines released earlier this week from the NationaI Advisory Committee on Immunization about mixing certain vaccine types.

Henry said it is safe and effective to receive a different type of mRNA vaccine for a second dose where necessary because they use similar technology.

Stay safe and healthy!!!

– Sam