January 2024 Market Statistics
Posted on Feb 06, 2024 in Statistics
Throughout 2023, Canadians grappled with economic uncertainty and volatile housing markets, particularly in Metro Vancouver. We believe that 2024 will be the start of a dramatic turnaround in the real estate market.
Inflation: After a significant drop from its peak of 8.1% in July 2022 to 4.0% in September 2023, inflation is expected to return to th...
Inflation: After a significant drop from its peak of 8.1% in July 2022 to 4.0% in September 2023, inflation is expected to return to th...
December 2023 Market Statistics
Posted on Jan 05, 2024 in Statistics
The last month of 2023 did not reveal any surprises in the BC real estate market. As is common for December, sales activity was down and exacerbated further by high interest rates. The high interest rates have kept many buyers (and even sellers) on the sidelines, and with the rates expected to ease up in 2024, we expect a flurry of buyer and seller...
November 2023 Market Statistics
Posted on Dec 05, 2023 in Statistics
2023 is on it's way to have the fewest new property listings in a year since 2002.
The BC NDP has swiftly passed several bills to increase the housing supply and control speculation. One of them deals with short-term rentals and regulations imposed on short-term rental platforms such as Airbnb. We expect there will be a notable impact on both the re...
The BC NDP has swiftly passed several bills to increase the housing supply and control speculation. One of them deals with short-term rentals and regulations imposed on short-term rental platforms such as Airbnb. We expect there will be a notable impact on both the re...
October 2023 Market Statistics
Posted on Nov 07, 2023 in Statistics
As October drew to a close, the real estate market embraced the spirit of the season with Halloween, ending the month on an eerie note. :^) Listings have started to accumulate, while sales remain lagging. In some areas, we've observed a slight uptick in prices, particularly in the condo segment, possibly owing to their affordability. Detached homes...
History of Vancouver (Just the past 9000 years)
Posted on Oct 09, 2023 in Way Back Machine
This is a link to very interesting and engaging video by a Vancouver company named Usefulcharts.com.
September 2023 Market Statistics
Posted on Oct 09, 2023 in Statistics
In this month's statistics email we've added a link to a very interesting video on the history of the Vancouver area from 9,000 years ago (!) to today. We hope that you enjoy it. See the link after the statistics.
The Bank of Canada has halted their interest rate increases for the short term, as the inflation rate has shown signs of slowing. Those...
The Bank of Canada has halted their interest rate increases for the short term, as the inflation rate has shown signs of slowing. Those...