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...
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 leap year saved the market from year over year sales declines, with 29 sales reported on the 29th bringing us to 470 total for February, just 10 over the year ago figures. So...
It’s election season and that means the vote-buying goodies are starting to flow. First time buyers have long been able to get a break on the property transfer tax, but the purchase price limit of...
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...
January was in some ways fairly unremarkable, with market conditions coming in essentially identical to this time a year ago. With 6.3 months of inventory (for all property types) we are in a balanced market,...
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...
A few months ago I looked at the potential impact of the province’s AirBnB restrictions, especially the removal of grandfathering that previously allowed owners in a couple dozen buildings downtown to legally operate short term...
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...
A brief update with the December month-end stats and charts. Generally, not much happens in December, and on the surface of it, the end of 2023 was no exception. Sales were up only 3% from...
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