Inflated Rates, Deflated Demand, and Prices in Decline - November 2022
Nov 23, 2022
Written by
Ryan BerlinSHARE THIS
The rennie podcast is about the real estate market and the people connected by it. Tune in for monthly discussions making sense of the latest market data and to hear from an array of industry experts helping us answer big real estate questions about demographics, economics, urban planning, and design. Episode #44: Inflated Rates, Deflated Demand, and Prices in DeclineIn this episode, we join Managing Broker, Justine Loo, Senior Economist and Director of rennie intelligence, Ryan Berlin, Senior Analyst, Ryan Wyse, along with rennie advisor, Salina Kai, to review the latest residential data for the Vancouver Region and discuss three key insights gleaned in October 2022:
- The performance of our housing market is being singularly influenced by one factor-inflation-more than at any point in recent memory
- We’re in the midst of a market slowdown that we haven’t experienced in ten years
- Beware... median and average price changes
Written by
Ryan Berlin
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