🎊 January Market Update - New Year New Starts

“In January it’s so nice
while slipping on the sliding ice
to sip hot chicken soup with rice.
Sipping once Sipping twice”

Maurice Sendak

Stats Center! 📈

Looking Back at December 2024 & The Year

Headline: Home Sales Register a Strong Finish to Cap Off 2024

Sub-Head: Recent Rate Cuts Eeked Out Some Sales


The benchmark price for all properties in Metro Vancouver is currently $1,171,500

(November: $1,172,100 / October: $1,172,200 / September: $1,179,700

August: $1,195,900 / July: $1,197,700 / June: $1,207,100)


This represents a 0.1% decrease compared to November 2024

and a 0.5% increase over December 2023.

Looking back at 2024

Properties listed on the MLS® system in Metro Vancouver totalled 60,388 in 2024.


That is an 18.7 per cent increase compared to the 50,894 properties listed in 2023.


And 9.7 per cent above the 55,047 properties listed in 2022.


The 10 year average is 57,136

Mortgage Rates 💰

Key interest rate now sits at 3.25%.
Next Meetings are January 29th then March 12th


After Decembers .50% drop the BOC signalled a slower pace for rate cuts.

We could see a pause as well.

But given that Trudeau just resigned, this year is a toss up.

What did I do last month?

Started Reading This (again): The Lord of the Rings!

Sure, you might start watching because of those two guys above but the extended cast is what will hook you. Specifically Ted McGinley (Jefferson from Married With Children!) and Jessica Williams (of the Daily Show fame). They’re both scene stealers.


Give it a chance. The cast will grow on you. And you’ve got two full seasons to roll through!

Planned for These: New Years Resolutions

I like to start the New Year with a Dry January. Decembers can be a bit much with the parties, food and drink and it’s nice to take a break.


I always consider very drastic secondary steps to add to the no drinking:


These are more like a New Year Lent and not long term resolutions. But a 30 day trial is probably a good sign that you can do more.


For longer term resolutions I like the format above: Start / Stop / Learn / Try


For me that’s going to be -

  • Start: Regularly Flossing (I’m tired of lying to my dentist…)

  • Stop: Social Media before bed and once I wake up. It’s a bad habit.

  • Learn: I think it’s time to take another run at Spanish.

  • Try: European Travel - never been not sure it really exists!… Booked a few times and backed out on all of them. But not this YEAR!


And with that I’ve put myself out there and become accountable to y’all. If you are feeling the same - write me back with your list and I’ll keep you accountable too.


The Gift of Five Stars

Something Funny Before You Go

Curious what I’m up to? Voyeurism via Social Media is the key!

Wasn’t that a great read?
Want to be included in the fun?
Just sign up below – easy peasy.

Cheers! – Ben

Subscribe

* indicates required

Intuit Mailchimp