Blog

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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Provincial Election Catch Up

May 03, 2017

This week we released the 13th episode of The Vancouver UnReal Estate Show. We’ve had close to 5000 downloads of the show so far, and we’re just getting started! Our podcast explores all sides of the housing file in Vancouver, particularly home ownership and affordability. In case you haven’t had a chance to listen yet, […]

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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 – 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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Market Update November 2016

November 11, 2016

Another month where headline after headline trumpets the fall of the Vancouver Real Estate market – so, you might be interested to learn that it’s not Armageddon in our marketplace, after all. Before we delve into that further, let’s look at the data. How to read the chart: The numbers shown below are a ratio […]

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Market Update October 2016

October 11, 2016

Depending on who you ask, we are 1 to 3 months into the “great real estate crash of 2016.” The interesting thing is that as much talk as there’s been about how low prices are going to get, the reality on the ground hasn’t been the carnage that some have expected.   Let’s start with […]

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