After a month of consolidation, Vancouver's real estate market softened once again in November. It turns out that October was a short lived reprieve from the pattern we've seen over the last six months.

This isn't a shock. As I mentioned in last months market review, we typically see things pullback from November through to February. So it comes as no surprise that this past month was light on market activity.

Sales (491) were down -15.3% from a month ago, but up +3.2% compared to a year before. That's a significant -32.8% below the 10-year average.

New listings reached 1,083 off -30.7% compared to last month and +0.7% from last year. It was also almost right on the 10-year average up +0.25% while Total Active Listings jumped to 3,620 which was +10.3% over the 10-year average.

As demand has eased off over the last few months we've seen prices slide. This month, every housing type across the city saw price declines except one. The most significant declines were for Westside Townhouses and Eastside...

Living in downtown Vancouver, BC is a topic thoroughly explored in this insightful YouTube video titled "The Pros and Cons of Living in Downtown Vancouver - 2023." The discussion revolves around the advantages and drawbacks of residing in the heart of Canada's most densely populated city.

Pros:

1. Central Location and Commute:

• Downtown Vancouver's central location is a major advantage, allowing for easy commutes to various parts of the city.
• The city has organically grown around this central point, providing convenient access in all directions through well-connected arterials.

2. Urban Amenities:

• Downtown Vancouver boasts a plethora of urban amenities, including bars, restaurants, nightlife, music venues, and renowned shopping destinations like Pacific Center and Robson Street.
• Proximity to work is a significant benefit for many residents.

3. Nature and Walkability:

• Nature is a big pro, with Stanley Park and David Lamb Park bordering downtown Vancouver.
• The city is known for its high walk...