260

April Market Update: All about those listings

If you look at sales activity, there’s precisely nothing interesting happening in the Victoria real estate market.   April sales ended up 6% over last April, but that’s only because there were two additional business days. ...

328

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...

294

The new federal housing plan

Ever since polling numbers collapsed last summer, the federal government has been on a speedrun to reverse the (arguably well justified) perception that they have done a disastrous job on housing. Though I would argue...

357

March Market Update

It’s the start of the spring market, and so far it’s a little lacklustre.  Sales in March came in exactly where they were a year ago, which is a relative level they’ve been stuck at...

285

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...

267

The rates tailwind

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...