May 2022 Newsletter Introduction

It’s MAY – it’s one of my favourite months of the years. This year, the weather has been abnormal with cool and hot periods that it’s hard to determine what Mother Nature has in store for us for the Spring Season. As you may notice, the Cherry Blossoms have bloomed later than usual, but it means we get to enjoy them more! 

I couldn’t have fathom on how the market has dramatically change in a few short weeks. Not too long ago we saw heavy competition of massive over asking pricing, but now prices have dropped and brought back to more normalcy where buyers are able to do their due diligence and not have to compete. The market has corrected itself faster than I have ever seen, and without the help of Government intervention. Their suggestions were to be implemented this Summer is far too late, and if they were to have intervene, it should have happen earlier. However, inventory is still low and with possible increase in interest rates to be applied in June the market may stay balanced till the end of year till early of 2023.  

#CovidBC update: 

It appears that as COVID has been lessen and we’re back to normalcy, there isn’t as much updates on COVID. Dr. Bonnie Henry focus is now focusing on BC’s illicit drug deaths of Opioid crisis. So hopefully we continue on this trend, and COVID can be put behind us, and we can focus on other serious diseases. 

– Sam