Insights

October 2022: Positive signs emerge as buyers’ market strengthens

Positive signs emerge as buyers’ market strengthens Download October Sales and Listings Statistics Houses Townhouses Condos Download October Sales and Listings Statistics All Regional Highlights of the October Report Lowest benchmark home price: New Westminster at $809,800 Highest number of Greater Vancouver sales since June 2022 Benchmark home price is down 9.2% from six months…
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August 2022: New listings, housing starts flirt with record lows in August

New listings, housing starts flirt with record lows in August Download August Sales and Listings Statistics Houses Townhouses Condos Download August Sales and Listings Statistics All Regional The major takeaway from the Metro Vancouver housing market is that both the number of new listings and the numbers of new homes being built are flirting with…
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July 2022: Homebuyers, investors take advantage in this market

Homebuyers, investors take advantage in this market Download July Sales and Listings Statistics Houses Townhouses Condos Download July Sales and Listings Statistics All Regional There are two sectors of homebuyers in Metro Vancouver’s market: owner-occupiers buying for their own use and investors buying homes for rental income or appreciation, with the latter traditionally accounting for…
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June 2022: Buyer’s emerging with a market advantage

Buyer’s emerging with a market advantage Download June Sales and Listings Statistics Houses Townhouses Condos Download June Sales and Listings Statistics All Regional It is not the change that we have seen in Metro Vancouver’s residential market but the speed of that change that has caught so many off guard. After two years of near-record…
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May 2022 : Faith Trumps Fear in This Market Cycle

Faith Trumps Fear in This Market Cycle Download May Sales and Listings Statistics Houses Townhouses Condos Download May Sales and Listings Statistics All Regional We are not statistically into a buyer’s market in Metro Vancouver but, for all the right reasons, this is when smart buyers are becoming active. As of the end of May…
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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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