News

Non-typical lower supply of homes for January

Posted on Feb 10, 2020


The January stats have come out to start off 2020 and they are showing a gradual creep up in price and into a seller’s market in a lot of areas around Greater Vancouver. There are even instances of multiple offers happening more often as of late on many sharply priced homes. (Do keep in mind that stats can change form sub-area to sub-area, so if yo...

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Modest increases in prices for december...

Posted on Jan 07, 2020


The stats for December have come out and are showing some interesting trends taking hold… There were 1,588 newly listed homes (Apartment, Townhouse and House) in December which is a whopping 46.8% decrease from the number of homes that were listed the month before in November. The total number of homes listed on the MLS dropped 20.1% from November...

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creeping into a sellers market perhaps...

Posted on Dec 08, 2019

The stats have arrived for November and shows that consumers are having a growing faith in the market. Sales levels have been returning to traditional norms with only slight decreases in the overall pricing across greater Vancouver. The amount of transactions has been increasing over the past month and a low amount of new listings coming on the mar...

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Balanced Market Continues but may shift...

Posted on Nov 12, 2019



With the arrival of the stats for October, we have seen a continuing balanced market... HOWEVER. There was a 22% increase in sales and 9% less active listings; which resulted in a 1% increase in the benchmark price across Greater Vancouver. This increase in price can be attributed to supply and demand concepts; if something is priced sharply, it wi...

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September Stats and why a crystal ball would be just swell to have right now...

Posted on Oct 09, 2019

Well the September stats have come out and where are we at? We’re still hanging out in a balanced market as we have been for the past 3 months or so. We will likely see this trend maintain until the end of the year at least and probably into the earlier stages of 2020 as the winter sales slow is melting off. A balanced market doesn’t usually last f...

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Might the market be increasing in price soon?

Posted on Aug 13, 2019

The Greater Vancouver market is in a state of flux right now. Currently detached homes in many of the cities are in a balanced market and attached homes are remaining in a seller’s market. Traditionally the summer is a slower period in a real estate cycle. This is usually caused by people taking vacations and such, along with kids out of school and...

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