Blog

We Are Growing, Need HELP!!!!! 

Posted on Apr 01, 2019

Job Description

You...
- love organization and bringing order to chaos (creating new systems and structure),
- are a social media wizard (must be able to update and maintain Facebook, Instagram, and Website accounts),- are able to communicate clearly, positively, and professionally,
- thrive in independent work environments 
- a true self starter,- capab...

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Unit Home Sales and Prices Down Across Greater Vancouver

Posted on Mar 14, 2019



Unit home sales across Greater Vancouver for February 2019 were 43% below the 10 year monthly average for the month of February. 

Condo prices based on the Real Estate Boards index are down 3.3% in the last year. As per the Sales to Active Ratios, the condo market is in balance. 

Detached homes are in a buyers market with more downward pressure on pr...

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There Are Some Exaggerated Headlines Out There, Let's Talk About Them

Posted on Feb 06, 2019



I say this a lot, but in 2015/2017 when the detached/condo market was racing to the sky people thought it would never end. It did. 


This is what markets do. This is especially what markets do when there are heavy external influences (vast foreign capital) and artificially low interest rates. Conversely, when there is government influence to slow the...

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December Sales in Vancouver Lowest Since January 2009

Posted on Jan 14, 2019



December sales were slow, ending the slowest year since 2000.

However, after 5 interest rate hikes in 18 months, the Bank of Canada has signaled this trend will slow for now. This should help bring eventual balance to the market.  
 
Detached homes currently sit at a 7% sales to active ratio across the region. This places the detached market in firm b...

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A Good Year for Christmas House Hunting!

Posted on Dec 11, 2018



Sales have continued to slow, presenting a much better environment for first time home buyers and those moving up a property type.

Many of our clients have been taking advantage of this mixed market.

Across Greater Vancouver, sales were 34% below the 10 year average for the month of November. Listing inventories are down slightly from October, but th...

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Market Continues To Ease, With Opportunities Aplenty!

Posted on Nov 08, 2018



Although we had a small bump in the Sales to Active Ratios across detached and condo property types this month, we don't expect any trend changes in the housing market. 

Oct 2017 sales were 26% below the 10 year average for October, and inventory is up 42% from October 2017. 

We are seeing some further price declines and great entry points for first...

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