October 2019 Market Update With a third month of things moving in a positive direction, I think we can confidently say that the positive direction the market has taken is firmly in place. The strongest indicator is the total sales […]
September 2019 Market Update Remember my commentary from last month? Things had turned positive for the first time this year, but I said just one month didn’t make a trend. Well, this past month continued the direction the market took […]
August 2019 Market Update Remember my commentary from last month? Things had turned positive for the first time this year, but I said just one month didn’t make a trend. Well, this past month continued the direction the market took […]
July 2019 Market Update This time of year is typically one of the quieter periods for Vancouver real estate (second only to the December – January timeframe…both coinciding with when most of our clients take vacation). Just when no one […]
Regulatory Changes That Impact the Vancouver Real Estate Market
February 3, 2017
The Vancouver real estate market obviously does not operate in a vacuum. There are countless rules, regulations, laws and bylaws that influence our market place. In the past year or so, there have been significant changes to the regulatory environment […]
Vancouver’s Current Real Estate Market in a Historical Context
November 15, 2016
Wading through the vast quantities of information available on the Vancouver real estate market can be confusing as well as daunting. In our opinion, much of that information fails to provide a long-term perspective instead focusing primarily on monthly fluctuations […]
Will the New Mortgage Rules Slow Down Vancouver’s Market?
January 16, 2016
The federal government recently announced that it was introducing mortgage changes that will increase downpayment requirements (on properties priced over $500,000). In our opinion, this measure will not cool the Vancouver real estate market…but it may have some unintended consequences. […]
Winter 2008 – Eight reasons Canadian banks will come out ahead
December 8, 2008
8 Reasons Canadian Banks Will Come Out Ahead 1. By law shares of large, publicly traded banks and insurance companies must be “widely held” which in effect prevents domestic mergers or foreign take-over’s unless supported by the federal finance minster; […]
Fall 2002 Market Update – Pre-Sale & Protecting your Investment
October 2, 2002
Pre-sale is a speculation�??pure and simple. If the market conditions are good, you will look like a genius. Buyers who purchased suites 2 years ago and are taking possession now, are very happy campers. Not only have the prices generally improved but the supply/demand ratio has totally flipped around. In 2000 the Downtown market was flooded with re-sale opportunites and there were very few buyers taking advantage.
Things are good and everybody is talking about it! Competing offers, a scarcity of listings and soaring prices�?� but when it hits the front page of the newspaper it's probably a fair guess that it's already over. In fact, the evidence is already out there to suggest that another change is coming. The number of listings is on the rise - the number of buyers is not. This should bring some much needed balance back into the market place. Over the past 6 months the pace has been frantic and if it hadn't slowed down on its own, we could have all been in for a nasty shock. 15-20% increases over 6 a month period are clearly not sustainable and something had to change.