About all those new listings
New listings have been on a tear in April, and it’s worth looking at what might be behind the increase. Ever since rates jumped two years ago and people started facing huge increases in their...
New listings have been on a tear in April, and it’s worth looking at what might be behind the increase. Ever since rates jumped two years ago and people started facing huge increases in their...
After 6+ years of price stagnation following the Great Financial Crisis, two things turned the market around in 2014/15: the improvement of affordability from years of dropping rates and rising incomes, and the start of...
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...
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...
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...
The market has been primarily driven by rates in the last 18 months. Last year we saw a rapid price drop during the initial hikes followed by rate stability bringing back some exuberance in the...
It’s been an eventful month for the housing market both in Victoria and the broader regulatory landscape in the province. In Victoria rates have continued to suppress activity, while the province dropped two bombshells, one...
Last week the provincial government brought in broad new restrictions on short term rentals, defining minimum standards on what’s legal, unveiling new strategies for enforcement, and most surprisingly, ending the practice of grandfathering for short...
Just under a year ago, the BC government abolished rental restrictions in BC condos. As a reminder, at the time the landscape of condos looked like the chart below, with the majority of condos built...