Sales and Listing Report for April 2022

"Become a student of change. It is the only thing that will remain constant." Anthony J. Welcome back to a balanced market. Don’t be afraid Highlights of the April Report • Immigration at record high; housing starts down 41% • April housing sales down 34% from a year earlier • Price resistance as detached house [...]

Sales and Listing Report for March 2022

"You may delay, but time will not." Benjamin Franklin This housing cycle is ending. What’s next? The sales super cycle that the Metro Vancouver housing market has been in for two years is ending. It is nearly over in Fraser Valley, where March sales were down 22.5% from a year earlier and average prices dropped [...]

Sales and Listing Report for February 2022

"Every choice you make has an end result." Zig Ziglar February signals March will come in like a lion Highlights of this Greater Vancouver report Biggest year-to-year detached price increase: Pitt Meadows, up 40.4% Why a ‘cooling-off period’ would mean market chaos Month-over-month home price increase forecast during 2022: $9,000 Month-over-month home price increase from [...]

Sales and Listing Report for January 2022

"If you have the courage to begin, you have the courage to succeed." David Viscott So you need to buy a home. Now is a good time to do so. There have always been challenges purchasing in one of the most expensive housing markets on the planet. It is still possible, though, to find the [...]

Sales and Listing Report for December 2021

"Don’t wish it were easier. Wish you were better." Jim Rohn Brace for an interesting year in the housing market As the Metro Vancouver housing market comes off a record sales year, we are entering what could be the most interesting 12 months this region has ever seen.  The term ‘interesting’ can be seen in [...]

Sales and Listing Report for November 2021

"Courage is found in unlikely places." J.R.R. Tolkien Condos alone can’t meet buyer demand Sales of condominium apartments accounted for 53 per cent of all housing sales in Greater Vancouver in November 2021, with a 33.3% surge in transactions compared to November of 2020, but the record-setting sales pace may underline desperation in the market. [...]

Sales and Listing Report for October 2021

"In a gentle way, you can shake the world." Mahatma Gandhi Suburban safety valves close as prices rise in step The shocking shortage of homes for sale across Metro Vancouver has had the unsettling effects of levelling residential prices and stunting supply from Burrard Inlet to well south of the Fraser River. The suburban safety [...]

Sales and Listing Report for September 2021

"Effort only fully releases its reward after a person refuses to quit." Napoleon Hill Election over but the effects will linger in Metro Vancouver The federal election is over and those who think nothing has changed should prepare themselves for some of the most intrusive legislation ever into the private-sector housing market. It has never [...]

Sales and Listing Report for August 2021

"Between saying and doing, many a pair of shoes is worn out." Iris Murdoch Townhouse sector exposes razor-thin housing supply We are in the heat of a hastily-called federal election and housing is the central platform of the major parties, all of which say they will make housing more affordable for the so-called ‘missing middle’, [...]

Sales and Listing Report for July 2021

"Believe you can and you’re halfway there." Theodore Roosevelt Reality of housing shortage exposed in July Sometimes you just have to shake your head at the reports we read about the Greater Vancouver housing market. Such as quotes from regional politicians about how much they care about making homes more affordable while continuing to restrict [...]