Sept 2018 Westside Market Update
Posted on Sep 13, 2018 in Market Update
The supply of Westside detached homes in August is down 5% from July (765 from 804) but up 4% compared to August 2017. Westside detached home sales this August were up 6% from July (52 to 55) and up 8% compared to 51 sales in August 2017. A typical July - August sales volume is 120 to 150 homes so 52 and 55 is very slow.
The decrease in supply and i...
Major Price Correction Underway
Posted on Aug 20, 2018 in Market Update
Some realtors believe major price correction underway in Metro Vancouver
The number of detached homes selling in Metro Vancouver has been dropping for more than six months, but only recently has there been signs of easing of the city's stratospheric prices.
A number of Vancouver realtors believe a significant decline is happening in Metro Vancouver h...
August 2018 Westside Market Update
Posted on Aug 15, 2018 in Market Update
The supply of Westside detached homes in July is down 4% from June (804 from 840) but up 10% compared to July 2017. Westside detached home sales this July were down 31% from June (75 to 52) and down 30% compared to 74 sales in July 2017. This year, sales volumes are off 82% from sales in Apr. 2016 (pre foreign buyer tax). July and August are usuall...
July 2018 Westside Market Update
Posted on Aug 15, 2018 in Market Update
Typically, the 2nd quarter is the busiest time of the year and that is the case so far this year. The supply of Westside detached homes listed in June is down 1% from May (840 from 850) but up 20% compared to June 2017. Westside detached home sales this June were down 16% from May (89 to 75) and down 33% compared to 112 sales in June 2017. This yea...
Typically, the 2nd quarter is the busiest time of the year and that is the case so far this year. The supply of Westside detached homes listed in June is down 1% from May (840 from 850) but up 20% compared to June 2017. Westside detached home sales this June were down 16% from May (89 to 75) and down 33% compared to 112 sales in June 2017. This yea...
New Taxes Digging Metro Deeper Into Housing Affordability Crisis
Posted on Jun 12, 2018
There is an old Yiddish curse that warns that you better be careful what you wish for as you might just get it!
Many believe that the series of new taxes recently announced by the British Columbia's NOP government are designed to make housing more affordable in Greater Vancouver; however, it is much more likely that these measures will only kill job...
