Sunshine Coast Real Estate Snapshot

So far in 2023, we have seen a small jump in our local market! While all segments of the market are down from last year at this time it was not unexpected. e Real Estate Board of Greater Vancouver’s economist, Andrew Lis, forecasts the market will look a lot like last year.

e takeaway is that peak pricing was last spring and the market has come down since then and prices will, due to the lack of inventory, remain where they are over the next year. Additionally, we have heard from the Bank of Canada that “as long as the signs of continued in ation ease” they will pause the rate at the previous increase of .25%.

During the last two months of 2022 and the rst months of 2023 we have seen that buyers are simply waiting to hear the right signals to move forward with a purchase, meaning that while sales are low, demand for real estate on the Sunshine Coast continues to be strong. erefore, this demand is becoming pent up and we will likely see a short-term rush on purchases over the next quarter and then a more balanced market moving forward.

Whether you’re buying, selling or simply making plans give us a ring for market intelligence and a strategic plan to move forward with your real estate goals. Call Coast Lifestyles Network today. Russ 604-741-7119