Blog

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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Both Buyers & Sellers Need to Sharpen Approach

Posted on Oct 09, 2018



Sept 2018 detached transaction levels are 40% below Sept 2017, that is a trend that has been in play for several months and even back to mid-2017. 

Condos, however, have been in at least a strong (if not insane) seller's market since Feb 2015. Sept 2018 marks the first month, which most condo markets have entered at 'balanced' state. 

Balance means b...

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August Sales Weak, But With Leveling 'Sales to Active' Ratios

Posted on Sep 06, 2018




We are seeing some trend changes worth noting. 
  • Sales have continued to decrease, generally across all property types, August 2018 was down 36% from August 2017
  • Listings are up 34% from August 2017, although down 8% from July 2018, still relatively high
  • 'Sales to Active' ratios have mostly leveled off after several months of decline (as you know, this...

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