Let’s talk real estate—minus the drama. While interest rates are higher than what we saw during the ultra-low pandemic window, they’re far from extreme. In fact, by historical standards, today’s rates are quite normal.
Putting Rates in Perspective
Yes, 5–6% may feel high compared to the 1.5–2% rates of a couple of years ago—but those were the exception, not the norm. If we zoom out, today’s rates are more in line with the averages we saw through the 2000s and early 2010s. We’re simply adjusting to a more sustainable lending environment.
What’s the Market Doing?
We’re seeing a more thoughtful, steady pace. On Vancouver’s Westside, higher-end homes are taking longer to sell, but the right properties—well-presented and well-priced—are still moving. Condos and townhomes remain active, especially in walkable, family-friendly neighbourhoods.
Sellers: Staging and presentation matter. Homes that show well and offer clear value continue to attract serious attention.
What About Buyers?
Buyers are active, but more selective. Many are taking their time, doing their due diligence, and waiting for the right fit. This slower pace means more opportunities for negotiation and fewer bidding wars.
Why This Is a Healthier Market
We’re seeing people make moves based on lifestyle, value, and long-term goals—not panic or FOMO. That’s a sign of stability and a more balanced playing field for everyone involved.
Let’s Connect
Whether you’re considering a move or simply curious about what your home might be worth in today’s market, we’d love to connect. Give us a call!