Insights

April 2022: Welcome back to a balanced market. Don’t be afraid.

Welcome back to a balanced market. Don’t be afraid. Download April Sales and Listings Statistics Houses Townhouses Condos Download April Sales and Listings Statistics All Regional As we noted here last month, the residential super cycle is over in Metro Vancouver. April’s action confirmed that, after two years of blistering sales and price increases, we are…
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March 2022: This housing cycle is ending. What’s next?

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 nearly 6% from February 2022, and similarly in Greater…
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February 2022: February signals March will come in like a lion

February signals March will come in like a lion February, with the highest increase in listings in eight months and the fourth-highest home sales for the month in history, set the stage for what should be barnburner in March, traditionally one of the strongest months in the Metro Vancouver housing market. March of last year…
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Mid-February 2022: Wait, are those listings we see?

Wait, are those listings we see? For the first time in a while, there is a noticeable increase in the number of new listings coming on market compared to the previous month and the same period as last year. Word has caught on; it is time to list homes for sale and it appears that…
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January 2022: So you need to buy a home. Now is a good time to do so.

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 home or investment of your dreams in Metro Vancouver, and despite the headwinds, this is…
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December 2021: Brace for an interesting year in the housing market

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 relation to the age-old curse of “may you live in interesting…
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November 2021: Condos alone can’t meet buyer demand

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. In the Fraser Valley, November sales of condo…
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October 2021: Suburban safety valves close as prices rise in step

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 valves for those seeking more affordable homes have nearly vanished. The…
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September 2021: Election over but the effects will linger in Metro Vancouver

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 been more apparent that this much housing policy is a reaction to headlines and…
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August 2021: Summer sees home listing supply decline across Metro Vancouver

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’, us common folk who may simply need to buy a townhouse. Yet the Lower…
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