Hey everyone, 

Is 2026 your year to make a move?  

Well, even if you're just pondering it, watch this!  This will give some quick details why 2026 is a lot different from....many other years!

But first off, if you don't know who I am, my name is Ray Estrella, and I am a real estate professional here in Richmond, BC.  Everything that i do is based on a Family First approach.  Which means all of my business, arent developors or investors...they're people who want to take the next step of their lives through real estate.  So, if this sounds like you...keep watching.

So, here is some information of what the market looked like exactly a year ago, and here's what the market looks like now.

2026 has been an interesting year here in Richmond.  We saw declines for all types of properties.

-Condos and apartments sales went down and we a saw decrease  more than6%  and townhomes at a decline of 7 percent.
-The single family home market saw a decline in almost every sector of the greater vancouver area and the fraser.  In Richmond we saw a decrease of 5%

Here's also where it gets interesting as well. 
A year ago, we saw interest rates at hovering around the mid 4% mark. 
Now you can talk to your mortgage specialist and they might be providing you with an interest rate below the 4% mark.


So, what does this mean to you:

Overall, the market is something that is in favour for buyers, in many different aspects.  

Typcially, whenever we see an interest drop or rise, this has always directly effected the price of the market.  

Over the last 2 years, we saw one of the highest interest rate hikes in almost 20 years.  And here we are in 2026 with a normalized interest rate, and decreasing prices.  Typcially, we never see that. 

And also, the high amount of inventory means 2 things:
1. Competetive pricing, where the sellers are forced to be on par with the current market.  Which also means that those stressful multiple offer situations are not that much of a thing anymore.

Which brings me to number 2: 
The ability to perform your due diligence.  If you're new to the market, this has to be the most important thing a buyer can have.   You're able to sit back and breathe and make sure that your real estate purchase is a sound investment

Back in sellers market, this due diligence was taken away from buyers, so not only do we get this back, we get it back on our terms.
Which means:
-giving us the time to make sure the mortgage is good
-reading about the building's recent history,
-inspections, 
....or, just pondering it over, making sure you made a right choice.


How to get started

My first session with everyone i work with is purely educational.  We never talk about properties.  We talk about the steps, and in the most optimal order. I want the people that i work with prepared so they know whats going to happen, before it even happens.  We even talk about the preparation stages for example, downpayment, PR status and more., because the preparation stages are something that I don't take likely.  The more you're prepared, you'll notice that there are better options in front of you.

At the end of the day, our first educational session will be a huge time saver on the road.  Then you can use that time saved to focus on other things in your life. 

So, if 2026 is even something you're talking about.....i'd love to be there to connect the dots.


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