A monthly update of the Vancouver market based on statistics and what we’re seeing in our day to day business.
The tides are turning. For several months we’ve been talking about how this unprecedented sellers’ market couldn’t (or wouldn’t) last forever and we now have statistical evidence that the market has begun to cool! As usual, let’s start with the numbers. The numbers shown below are a ratio of the number of active listings […]Read More
The not-too-distant future has come and gone and while we maintain that these conditions can’t persist forever, the market continues to be extremely busy. Truly, the last 6 months have been unprecedented and though it is reasonable to expect a slowdown in pace, it certainly hasn’t happened yet. As usual, let’s start by looking […]Read More
Absolute craziness. There are literally no other words for what we are seeing in our market right now. A new record is set every single day while buyers are getting priced out at an incredibly fast rate. Before we launch too far in, let’s start with the usual metrics. The numbers shown below are […]Read More
“Buy land, they’re not making it anymore.” Mark Twain. Obviously, this quote is not new, but it’s almost as though homebuyers in Vancouver just got the news. Let’s start with the usual metrics. The numbers shown below are a ratio of the number of active listings (at end of month) over the number […]Read More