Unit Home Sales and Prices Down Across Greater Vancouver
Posted on Mar 14, 2019 in Market Updates
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...
There Are Some Exaggerated Headlines Out There, Let's Talk About Them
Posted on Feb 06, 2019
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...
December Sales in Vancouver Lowest Since January 2009
Posted on Jan 14, 2019
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...
A Good Year for Christmas House Hunting!
Posted on Dec 11, 2018
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...
Market Continues To Ease, With Opportunities Aplenty!
Posted on Nov 08, 2018
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...
Both Buyers & Sellers Need to Sharpen Approach
Posted on Oct 09, 2018
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...