The non-permanent residents
Much has been written about the surge in population growth in recent years, and indeed year over year growth in B.C. has spiked to levels that we have not seen in many decades. Many have...
Much has been written about the surge in population growth in recent years, and indeed year over year growth in B.C. has spiked to levels that we have not seen in many decades. Many have...
From 1981 to 1991, interest rates dropped by 43%. From 1991 to 2001, interest rates dropped by 42%. From 2001 to 2011, interest rates dropped by 54%. From 2011 to 2021, interest rates dropped by...
A while back Gregor Craigie (local CBC radio host and author) reached out to discuss my take on some of the root causes of the housing crisis. We’d discussed some aspects before on his show...
The median condo went for $540,500 in January, which is down from a very short-lived peak of around $600k in the spring of 2022. Outside of that market mania, prices haven’t really moved since late...
The province recently released new data on the Speculation and Vacancy Tax, and it showed that 1328 people in the CRD paid it last year (for the 2022 tax year), up from 971 the year...
There was an interesting article in the Globe & Mail recently trying to back the claim that Canadians move approximately every 7 years. They do some digging into where that figure came from and test...
More young adults have been living with their parents in recent decades. In Canada, the number of young adults living with parents doubled in 20 years, and has continued to expand since then. Its not...
It’s no secret that the market is very slow out there. Though relatively modest inventory levels are keeping us in balanced market territory as measured by months of inventory, the sales to new list ratio...
2023 has been a momentous year in housing policy at the provincial level. More has changed this year on the housing front than did in the past 40, and it’s getting quite confusing to keep...
As shown in the last article, affordability continues to be extremely poor for any kind of ownership housing. In the past affordability has waxed and waned, but those are cycles measured in 10+ years, and...