WelcomeHomeYVR- Real Estate with Katharine Reynolds
The leaves are turning and the days are shorter…ahhh fall! I’ve been enjoying the crisp mornings watching the birds bustling around in the garden. We’ve settled right back into work, school, & sports routines around here…I’m not in the garden, you can find me at the rink;). Wishing you a cosy and safe fall season!
Fall market favours buyers
Another Bank of Canada rate cut and easing home prices helped home sales in the GVR edge higher relative to September last year. Residential sales in the region totalled 1,875 in September 2025, a 1.2 per cent increase from the 1,852 sales recorded in September 2024. This was 20.1 per cent below the 10-year seasonal average (2,348) so we are still officially in a very slow market.
We’ve seen prices continue to come down in the Greater Vancouver Region, with some markets being hit harder than others. Detached homes across GVR are down 4.4%, townhomes 2.7% & condos 4.4% from September 2024.Buyers are active but choosy…the sentiment now is something better might be just around the corner, interest rates might come down further & prices might continue to drop. It’s extremely important if you’re selling your property that it be well staged, marketed and most importantly well priced to stand out. When a good well priced property comes on the market it sells, often in multiple offers!
If you’re considering buying, it’s an excellent time. While prices may drop a little more from today, over the long term it shouldn’t have a big impact on your equity or investment. Right now you have lower rates, lower prices and record high inventory which means you can find something that works for you without dealing with the stress of a hot market. I feel confident things will hold pretty steady through the new year, but once the market starts to heat up again it tends to do so very quickly, especially if rates continue to drop. If you think you’ll be in the market in the next 6-8 months, it’s a very good idea to get pre-approved. I’d be happy to recommend a few mortgage brokers that you can work with to get this set up, get in touch and I’ll send you details.
Each neighbourhood is unique so if you’re considering buying OR selling I can send you a breakdown of stats specific to the neighbourhood you're interested in. Having the right information is so powerful in guiding good decision making and peace of mind for a sound investment.
If you’re thinking of buying or selling, I can guide you through the process every step of the way. I’d be happy to meet to talk with you about the market whatever your situation…please call anytime so we can schedule a time to meet and review your goals!
604-831-3616.
Bank Of Canada Rate Cut Update
The Bank of Canada cut the overnight rate by .25% on September 17th as predicted. Many economists are now projecting at least one more rate cut this year, with the next 2 announcements being October 29th & December 10th 2025. It’ll be interesting to see what the rate closes out at for 2025!
Tip: Did you know that you can prequalify for a mortgage and still take advantage of lower rates if they drop before you purchase a property?
Community Spotlight
Loutet Farm Pumpkin Patch Oct 18th
10am-1pm
Those who know me well know I’m a huge fan and supporter of the Edible Garden Project here in North Vancouver. I volunteer weekly at the community garden at Queen Mary Elementary growing food for the food bank & I also love to shop at the Loutet Farm market on Saturdays. It’s such a hidden gem of seasonal organic produce, a really interesting group of vendors and often live music…It’s a true community organization that I really appreciate being a part of. They hold a very popular pumpkin patch every year that’s great for young and old alike. It’s also the last market of the season, so come by and pick up some produce, baked goods, fresh flowers and grab yourself a pumpkin or two! Take a walk through the gardens, check out the pollinator garden at the back as well as the bee hives…Hope to see you there!
Staging and Design Consultations
If you’re selling your property I can utilize my extensive design background to stage and declutter your space as well as advise on a front of house refresh. If you’re buying I can assist in making sure your current furniture will work and assist in placement. I’m offering this service free of charge for all of 2025!
Referral Offer for 2025
I’d really love to work with people like you! Send me your referrals of friends, coworkers or family…if your referral results in a completed purchase or sale I'll send you a $500 gift card of your choice as an appreciation of your support. Please call me directly or send your referrals via a group text to 604-831-3616 - include a brief intro of who you're referring and what they’re looking for. I really appreciate all the referrals I've received so far!
Wishing you a wonderful fall season!
Feel free to contact me, I’d love to help you find your next home!
Katharine Reynolds
604-831-3616
kr@welcomehomeyvr.com
My mailing address is: Oakwyn Realty
101-3151 Woodbine Drive
North Vancouver BC
V7R2S4
P. 604-831-3616
F. 604-620-7970