Condos in Vancouver are a hot topic.

If you are considering buying real estate in Vancouver…whether it’s your first home, you are moving to Vancouver for the first time or buying as an investment…it’s more than likely going to be a condo.

(if not, be sure to check out my other videos about buying other types of property in Vancouver - https://www.youtube.com/playlist?list=PL9gRIaRTT0DStk3oqE_-C10zIlnSG4B1V)

And while the price point for condos might be lower than for detached houses, you are still looking at spending some very serious money…and you don’t want to make a mistake!

Over my career, I’ve seen and heard about countless mistakes when it comes to owning Vancouver condos. And so I made this video to help you avoid these mistakes, too!

I've packed this video full of critical information that's going to save you from making disastrous mistakes when buying a Vancouver condo and that will SAVE YOU MONEY!

This past month sales slipped and inventory levels continued to rise. It’s not unusual, that we see sales dip from May to June as the seasonally slower summer market takes hold. However, the dip this year was greater than normal…and overall inventory levels remain elevated (with prices remaining sticky to the upside).

Sales dropped to 739 (-11% month-to-month and -13.3% year-to-year). As mentioned above, this is a sharper decline in sales than is typical at this time of year ~8% has been the average decline over the last ten years)…and this is -18.2% below the 10-year average.

Meanwhile, New Listings also fell to 1,824 (-10.5% m-to-m and +6.7% y-to-y) up +7.2% over the 10-year average. This resulted in Total Active Listings essentially remaining flat at 4433 (-0.6% m-to-m and +29.9% y-to-y) which was +23.9% over the 10-year average.

The Greater Vancouver Realtors pointed out that inventory levels throughout our region haven’t been this high since 2019. What they...