October 2021 Newsletter Introduction

Hello  Real Estate Interestee –  

How did you start off on the Fall Season? I started off by trimming all the fruit trees and scrubs in my garden. Replaced all my short sleeves and shorts with long sleeves and pants! Since we had such a huge heat wave and long heavy Summer, we’re expecting some pretty cold and crisp Fall weather to offset it. So make sure to dress warmly. How are you fairing so far with the vaccine passport? How has it impacted your life? As for how the market – what can you expect?  The pricing of homes have been constant or slowly increasing depending on which neighbourhood and city you’re looking at. There is still a shortage of inventory and high demand in this current market. Like all the other shortages that we see in our economy, the same applies to the real estate market. There is large demand but very low inventory available which drives the prices to go up. The continuous low interest rate also plays a factor in driving demand as well. The possibility this trend will continue to the end of the year. 

#CovidBC update: 

The federal and provincial government, as well as some companies, have already mandated vaccines for their employees.

Prime Minister Justin Trudeau unveiled Canada’s new mandatory vaccine policy on Wednesday. It requires the core public service, air travel and rail employees to be fully vaccinated against COVID-19 by the end of October.

This week, provincial health officials also announced COVID-19 vaccines will soon be mandatory for thousands of employees in B.C.’s public service and for visitors to many health-care settings, including long-term and assisted care.

Stay safe and healthy!!!

– Sam