{"id":14090,"date":"2016-05-12T15:07:14","date_gmt":"2016-05-12T22:07:14","guid":{"rendered":"https:\/\/www.garbuttdumas.ca\/?p=14090"},"modified":"2016-05-12T15:07:14","modified_gmt":"2016-05-12T22:07:14","slug":"will-prices-keep-going-real-estate-market-update-may-2016","status":"publish","type":"post","link":"https:\/\/www.garbuttdumas.ca\/2016\/05\/12\/will-prices-keep-going-real-estate-market-update-may-2016\/","title":{"rendered":"Will Prices Keep Going Up? Real Estate Market Update May 2016"},"content":{"rendered":"<p>Is the growth Greater Vancouver real estate has experienced over the past year sustainable? Or is sanity, and balance, returning? James looks into his cloudy crystal ball and discovers the answer may not be up to local buyers.<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" frameborder=\"0\" src=\"https:\/\/www.youtube.com\/embed\/eAIP7Nye6wI\"><\/iframe><br \/>\nThe real estate market in Greater Vancouver is still a hot ticket. But there\u2019s no guarantee that will last.<br \/>\nMost of the gains in prices occurred between last summer and this past January. It\u2019s no accident those 20 per cent increases coincided with a 20 per cent drop in the value of the Canadian dollar. So, foreign investors buying into areas like Vancouver, New Westminster, Coquitlam and Burnaby didn\u2019t actually feel the higher real estate prices.<br \/>\nThose prices aren\u2019t being driven by the local economy.<br \/>\nSince January, the Canadian dollar has risen 10 cents. That\u2019s making Greater Vancouver real estate less appealing to foreign buyers.<br \/>\nThe hyper-growth we\u2019ve been experiencing over the past year isn\u2019t sustainable. Eventually, if sellers continue to cash out, there will be more listings than buyers and the balance will swing to their favour. More offers will come with subjects. There will be fewer competing bids for properties.<br \/>\nSo, if I was a seller looking to cash out, I\u2019d do that right now. Eventually demand will dwindle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is the growth Greater Vancouver real estate has experienced over the past year sustainable? Or is sanity, and balance, returning? James looks into his cloudy crystal&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[890],"tags":[273,811],"acf":[],"taxonomy_info":{"category":[{"value":890,"label":"Videos"}],"post_tag":[{"value":273,"label":"Featured"},{"value":811,"label":"Video Blog"}]},"featured_image_src_large":false,"author_info":{"display_name":"James Garbutt","author_link":"https:\/\/www.garbuttdumas.ca\/author\/james\/"},"comment_info":0,"category_info":[{"term_id":890,"name":"Videos","slug":"video-blog","term_group":0,"term_taxonomy_id":890,"taxonomy":"category","description":"","parent":0,"count":218,"filter":"raw","cat_ID":890,"category_count":218,"category_description":"","cat_name":"Videos","category_nicename":"video-blog","category_parent":0}],"tag_info":[{"term_id":273,"name":"Featured","slug":"featured","term_group":0,"term_taxonomy_id":273,"taxonomy":"post_tag","description":"","parent":0,"count":99,"filter":"raw"},{"term_id":811,"name":"Video Blog","slug":"video-blog","term_group":0,"term_taxonomy_id":811,"taxonomy":"post_tag","description":"","parent":0,"count":126,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/posts\/14090"}],"collection":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/comments?post=14090"}],"version-history":[{"count":0,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/posts\/14090\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/media?parent=14090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/categories?post=14090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.garbuttdumas.ca\/wp-json\/wp\/v2\/tags?post=14090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}