230

Some housing targets are not like the others

The province has announced that most of our regional municipalities will be subject to housing targets, with timelines starting either last October, this May, or in the near future.  That means municipalities will be required...

187

The vacants

Two years ago, inventory hit rock bottom at just 652 properties on the market in December 2021.    Since then a combination of slack demand and recently increased new listings have brought active listings to...

211

Schrödingers Investors

The Bank of Canada maintains an interesting webpage called the Indicators of Financial Vulnerabilities, where they track metrics like mortgage characteristics, housing market activity, and consumer credit stress.  The data is updated every quarter and...

234

Will dropping rates revive housing?

The Bank of Canada dropped rates by 0.25 percentage points for the first time in four years last week.  It didn’t take long for people to predict that this was the end of our housing...

250

May Market Update

The final May numbers are in, and if you just look at the year over year change in sales rate, absolutely nothing happened.  The 763 final sales for the month were in fact 2% below...

275

Victoria bucks the population trend

Population growth has been dominating the housing discourse in recent months and years, with growth driven by a strong increase in non-permanent residents.  The problem has been tackled with recent reforms that should bring population...