Stuart Bonner

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...