News

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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June has arrived and we are off to the races like a herd of turtles!

Posted on Jul 16, 2019

June stats have arrived! So here is your update and some thoughts on them! May was busier than June as is traditional in the real estate markets in Vancouver. This is usually caused from the summer slowdown with kids being out of school, families taking vacations, realtors taking vacations and frankly people are just more thinking about summer fun...

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May sales up, supply up... Where do we go now??

Posted on Jun 12, 2019

The stats have come out for the month of May with a lot of goings on! On May 30th the Bank of Canada held the key interest rate at 1.75% with is what economists had predicted along with a slim chance of there being a further reduction (Most are figuring that the rates will likely stay the same until 2020). Buyers are still grappling with the B20 ru...

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April Stats posted! "is the sky falling?"

Posted on May 04, 2019

The sun is out and the frost is melting... This is usually the period of time where the real estate market generally loosens up and picks up in transactions (purchases and sales) and listings (product). It is of note that the same headlines (regarding supply) ring the same from last year's to this:

"Home sales down, listings up across Metro Vancouve...

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