RSS

Posted on by
Vancouver Real Estate – Monthly Market Update – Infographic – February 2025

February was another cautious month in the Vancouver real estate market.

While there were lots of signs that our market had stabilised and was picking up momentum at the tail end of 2024, that shifted in the New Year...and this softer, weaker market has now become the new trend.

Demand remained softer than expected with 510 sales. This was nearly +23% more than January (but down -18.3% from a year ago). The thing is, that wasn't as much of an increase into February as we normally see...and so these 510 sales are well off (-34.8%) the 10-year average.

New Listings increased to 1,621 which was down -9.8% from last month and just +10.8% higher than last year (this was +12.3% over the 10-year average). In the meantime, Total Active Listings rose to 4,089 (+6.9% from last month and +23.1% over a year ago). This is a very substantial +38.3% over the 10-year average.

So we find ourselves with stalling demand (sales) and increasing supply. As we approach spring it's normal to see New Listings flood...

Read

Posted on by
 
Moving to Vancouver can be life changing. But, you want it to be life changing for all the RIGHT reasons, not the wrong ones.

It's really easy for your move to Vancouver to go sideways.

Moving to Vancouver the wrong way can cost you a boatload of frustration, a shocking amount of time as well as a ridiculous amount of money....if you aren't prepared. But, that's why I made this video!

I want to make sure that you know EXACTLY what steps to take to make a successful move to Vancouver and start your new life in Vancouver ASAP.

So...here's how I'd move to Vancouver if I were making the move in 2025!
Read

Posted on by


These Vancouver Neighbourhoods MADE Money in 2024 [Living in Vancouver]

It's no secret that 2024 was not a great year for Vancouver real estate. There were some ups, and some downs but in the end it was a mostly flat year for the region.

In this video, I look under the hood at what REALLY happened...and uncover some very clear WINNERS but also some very obvious losers in the Vancouver real estate market. A few of these are really going to surprise you. Quite honestly, they surprised ME. ...but the data doesn't lie.

Most importantly, once I broke down the data carefully I saw some very clear trends develop. These are trends that are going to shape the Vancouver real estate market in 2025 and beyond.

So if you are moving to Vancouver or even if you already live in Vancouver, this is a video you won't want to miss.

After watching this video you'll better understand what's happening with Vancouver real estate today and into the future...and where the best Vancouver neighbourhoods are and which...

Read

Posted on by
Vancouver Real Estate – Monthly Market Update – Infographic – January 2025
While 2024 ended with a lot positive momentum, that has changed a bit at the beginning of 2025 (watch those inventory levels as I mentioned last month!).

Sales remained at relatively strong levels in January 2025.  They hit 415 which was about even (+0.73%) year over year and down -18.2% from the previous month. However, this was still a fairly sturdy -13% below the 10-year average.

I'm fairly comfortable with the demand side of our market condition. Especially in comparison to that 10-year average as it's trending in the right direction (heading toward the 10 year average).

It's on the New Listings and Total Active Listings (supply) where we are seeing more activity than is typical at this time of year. New Listings reached 1,798 (+34.3% year to year and a whopping +256% rise from the previous month) which was +34.4% over the 10 year average.

And with that, Total Active Listings were also +33.3% over the 10 year average at 3,710. That's the highest number we've seen on the market in this...
Read

Posted on by
 

2024 truly was a wild ride in the Vancouver real estate market. So many people predicted complete catastrophe for the Vancouver housing market in 2024...but it never happened.


Is 2025 going to be the year that the Vancouver housing market implodes?

What is the Vancouver housing market like right now?

How did we get here?

Why hasn't the Vancouver real estate market imploded?

Is now the right time to invest in Vancouver real estate?

Are there particular areas that are likely to see more (or less) growth in 2025 and beyond?


These are questions that anyone considering buying or selling real estate in Vancouver should be asking themselves as we enter 2025...and beyond.

If you are thinking of moving to Vancouver in 2025 this is a MUST WATCH video...and be sure to stay tuned to the end where I discuss some of my personal prediction for what's going to happen in the Vancouver real estate market and where I see some opportunities in Vancouver housing in 2025.

Read

Posted on by
Vancouver Real Estate – Monthly Market Update – Infographic – December 2024
Momentum. I think that's the key word to describe the Vancouver real estate market as 2024 wraps up.

For the last couple of years we've seen a lot of sideways movement. A few months in one direction and then a few in another...but ultimately, we've stayed pretty flat since hitting all-time highs in the Spring of 2022.

Most of 2024 was marked by a decided lack of enthusiasm and confidence in the market. While demand didn't fall off a cliff it bounced along the lower end of historical norms (typically about 20-30% below the 10-year averages).

What was different in 2024 was that we finally saw supply increase significantly. Back in 2023 (a year also marked by low demand but also low inventory) prognosticators predicted that IF supply increased significantly then prices would start to fall in Vancouver...that being the obvious basic economic principle of supply and demand.

However, that just didn't happen in 2024. Prices remained remarkably resilient (something that I get more into in my video...
Read

Posted on by
 
If you are planning on moving to Vancouver these are 9 things that you must know.

Don't plan your move to Vancouver before watching this video! After living in Vancouver for nearly 50 years I've seen people make a lot of mistakes. I've made a few of them myself.

If you want to avoid making a bad decision, watch this video so you get a full understanding of what it's REALLY like to live in Vancouver.
Read

Posted on by
Vancouver Real Estate – Monthly Market Update – Infographic – November 2024
After demand jumped in October, November didn't continue that trend. 

Sales fell month-to-month (-13.2%) but rose (+33%) compared to a year ago. More significantly, the number of sales last month was -9% below the 10-year average....continuing our trend this year of below-average demand, but starting to see that demand consilidate now towards the end of the year.

New listings fell for a second month in a row (-31% month-to-month and +10% year-to-year). This was +7% above the 10-year average. Total active listings meanwhile dropped from last month (-9.8%) but despite that drop, supply is still well above the 10-year average (+24.9%).

Prices continue to fluctuate. All housing types in Vancouver find themselves either flat or more expensive than a year ago...except for Westside houses (-2.3%). Over the last couple of years prices have bounced around a bit but are still hanging right around all-time highs...despite weakness in demand (and higher than usual supply).

I don't like to predict the...
Read

Posted on by
 
These Vancouver areas are BOOMING in Value [Here’s Why] – In this video I’m taking a deep look into the Vancouver real estate market and exploring the markets that are experiencing the most growth in property values (in the last 12 months).

Come along with me as I explore these booming neighborhoods and explain why this is happening. But I’m not going to stop at just talking about these areas, I also spent countless hours walking these incredible neighborhoods so that you can get an idea of what it’s like to live there.

If you are moving to Vancouver, already living in Vancouver and are a potential Vancouver homebuyer or investor then you’re in the right place. This video will help you understand some of the hottest Vancouver neighborhoods and suburbs and why you might want to move to and live in them.

I spent hours digging through real estate stats to bring you this information. If you’re just paying attention to the headlines, you’d...
Read

Posted on by

Vancouver Real Estate – Monthly Market Update – Infographic – October 2024

The big headline this past month is that the market appears to be back.

Sales popped rising +44% over the previous month to 752 in October (and +30% from a year ago). This was rather unexpected...as our market has seen demand stagnate for what seems like forever. While we've had a couple of months here and there were Sales surged a bit, it was never this dramatic. And, if anything, demand had really slid in the last few months of the summer and into the fall (just as the first two interest rate cuts hit).

At this point, Sales are just -3% below the 10-yr average...and I think that's an important point. It means that current demand levels (or at least in October) were right about average. That surge just brought us back to where we SHOULD be. It just looks hot in comparison to how slow demand has been in the last year or so.

But what about the rest of the market?

Well, New Listings dropped to 1,727. Down (-16%) from September but about +11% from a year ago and still above (+18%) the ten year...

Read
Older posts : page 2
Categories:   Weekly Vancouver Real Estate Update
Powered by myRealPage.com
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.