Market Update

A monthly update of the Vancouver market based on statistics and what we’re seeing in our day to day business.

Market Update – August 2017

August 04, 2017

Is it Over? Is this the Top?   For many years, the age-old question of Vancouver Real estate has been whether the bubble is “finally” popping?  Or from a homeowner: Are our values going to plummet?  Unfortunately, we aren’t able to answer that question definitively today, but I will tell you what we’re feeling now […]

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Market Update – July 2017

July 12, 2017

 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 […]

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Market Update – June 2017

June 07, 2017

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 […]

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Market Update – May 2017

May 05, 2017

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 […]

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Market Update – April 2017

April 07, 2017

The Crash Ain’t Coming Going back a few months, our market was fairly quiet and some were declaring an imminent crash. In reviewing this month’s numbers, it’s reasonably clear that any threat of an imminent crash has disappeared. The Numbers  Let’s start with the usual stats – the numbers shown are a ratio of the […]

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Market Update April 2017

April 06, 2017

The Crash Ain’t Coming Going back a few months, our market was fairly quiet and some were declaring an imminent crash. In reviewing this months’ numbers, it’s reasonably clear that any threat of an imminent crash has disappeared. The Numbers Let’s start with the usual stats – the numbers shown are a ratio of the […]

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Market Update – March 2017

March 14, 2017

“Low Supply and Snow Limit Vancouver-area Home Sales in February” – Vancouver Sun1  “Scotiabank CEO Concerned About Correction in Vancouver, Toronto Housing Market” – Global News2 Imagine reading those headlines and then having us tell you that you’re going to be competing against 5 other buyers for the home you want to purchase. As I […]

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Market Update February 2017

February 08, 2017

February Market Update The new year typically brings about a dramatic change in market conditions and January this year did not disappoint. As usual, let’s begin with the inventory numbers. The Numbers The numbers presented below are a ratio of the number of active listings (at end of month) over the number of sales in […]

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Market Update January 2017

January 11, 2017

An eventful year in the Vancouver real estate market has finally come to a close – and what a ride it was. Records were set through Spring as prices increased at mind-blowing speeds. Fall had a very different feel with some observers calling the beginning of a major crash. Yet, as we start another year, […]

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Market Update December 2016

January 11, 2017

There was a distinct change of tone about the Vancouver housing market in the media at the end of October/early November. The message in August through most of October had been that the market was going to crash and carnage was imminent. When the crash failed to materialize, the headlines started to read about a […]

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