The Vancouver Neighborhoods Quietly Booming in Value [ALL-TIME HIGHS!]

Everywhere you look right now, it seems like there's negative news and opinions about the Vancouver real estate market. When it gets that negative, it gets me curious...and so I did a bit of digging.

It's true that the current market is relatively weak.

In recent months, we've seen demand at 10-year lows while demand rose to 10-year highs. Typically, that's a recipe for significant price drops.

While some elements of Vancouver's real estate market are DEFINITELY weak and showing serious signs of strain, that's NOT every part of our market.

In this video, I walk you through the reality of Vancouver's real estate market. I touch on why we are seeing weakness in some parts of the market...but this video is taking a positive spin.

I'm honestly tired of all the negativity and I want to make sure you understand that the sky isn't falling everywhere.

Not only are some areas in Vancouver seeing remarkable resilience...they're...

There’s been quite a bit of talk about the Vancouver real estate market “stabilizing” last month. In the region overall, sales picked up a bit while inventory eased up a bit. The real estate board referred to this action as “green shoots”.

I don’t quite see the same pattern specifically in the City of Vancouver…at least not quite as much.

Vancouver did NOT see a jump in sales in July. In fact, sales fell to 640. This was a monthly decline of -6.8% and -6.2% lower than a year prior. It was also -23.4% below the 10-year average.

New listings continued to slow reaching just 1,623. Quite significantly this was down -16.7% from June and -5.8% lower than a year ago. It was also just 5.8% over the 10-year average.

And then the total active listings dropped for the second month in a row to 5,026 (-6.1% month-to-month and +6.6% over last year). This was +36% over the 10-year average.

Sales have really just remained at the same level since March. We’ve drifted between a low 0f 640 to a high of 687. We...