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A Tale of Two Markets…Still “Two distinct markets have emerged this summer.” I’ve lifted this quote from the Real Estate Board of Greater Vancouver’s media release published last week. I found the quote particularly comical because we started talking about the two distinct markets back in September last year! The Numbers Let’s start with the […]
The Power of Context The problem with looking at one piece of data out of context is that, all too often, the context is what renders the data useful. This month’s Real Estate Board press release is a terrific example of this. And the problem with the Real Estate Board not doing a thorough analysis […]
The craziness of the Vancouver market is back. Mostly. The Numbers Before we talk specifics, let’s look at the data. The numbers shown are a ratio of the number of active listings (at end of month) over the number of sales in that month. Numbers above a 7 are considered to be buyer’s markets, below […]