January 2022 Newsletter Introduction

Happy New Year Real Estatee – I hope you had enjoyed you had an opportunity to enjoy the Christmas festivities and holiday celebrations amongst the new restrictions for gatherings that were announced mid December due to the omicron. We truly had a white Christmas, and historically record breaking cold weather as well. We had broke two records in 2021 – hottest and coldest weather! I’m wondering what Mother Nature will be throwing at us next! As for what’s happening for the market, it was a little quiet during the Christmas holidays and not much inventory has popped up. However, since the new assessment for 2021 has been announced, there has been some rampant interest in home owners looking to sell. We see a slow but steady surge of inventory coming up for that reason. Interest rates are rising right around the corner also is driving many buyers and seller wanting to take advantage of the lower rate before it goes up meaning it’s a race against time to see what the supply and demand will be like. For that reason prices will continue to climb. 

#CovidBC update: 

As Canada faces more active COVID-19 cases than at any other point in the pandemic, federal officials are set to provide an update on national response efforts on Friday. today Canada has the highest ever number of active cases, with more than 371,300 active cases and climbing as of 4 p.m. EST. That’s eight times as many active cases as there were three weeks ago, and four times as many as the peak seen last spring. The latest surge is being driven by the highly transmissible Omicron variant.

Stay safe and healthy!!!

– Sam