What’s going on with AirBnB?
The City of Victoria has been in the news recently with their changes to their short term rental regulations. As a reminder, though short term rentals are not permitted under zoning in most of the...
Author: Leo S
July: Market remains resilient, but price growth stalled
July ended with sales a respectable 17% above last July’s total, while new listings were about the same and inventory was up 12%. That was a substantial improvement from mid-month when sales were running about...
What happened to the values of seniors-only condos?
Late last year the provincial government severely reduced the ability of strata corporations to restrict residents based on their age. Adult-only buildings were banned, while seniors-only policies remained enforceable. Some buildings that were previously unrestricted...
Unemployment is likely about to increase, will it drag on housing?
Despite an epic rise in rates in the last year, the rates of mortgages in arrears have barely budged in BC. At 0.12% we are just barely off the all time lows of 0.10% from...
AI guest post: Is there seasonality in house prices?
Hello readers! While the usual author of this blog is off on vacation, sipping a well-deserved beer, I’ve been tasked to fill in. And who am I, you ask? Well, I’m an AI language model...
June: Market still largely undeterred by rising rates
The Bank of Canada hit resume on their rate hiking path in June, and may well continue with another rate hike this month. At the same time the bond market is up 65 bbps in...
Did we get more 55+ housing?
Last fall on November 24th, the provincial government curtailed the ability of strata corporations to set limits on the age of their residents. Where previously strata corps were able to set a minimum age for...
The impact of months of inventory
Months of inventory is one of the best indicators of market balance, and this year I’ve spent a lot of time talking about how it has dropped from just below balanced level back to a...
A mix of good and bad indicators on debt
There’s a new tool out there for monitoring indicators around mortgages, housing, and financial vulnerability on a national level. The Bank of Canada has a new page with indicators of financial vulnerability that shows...
Where’s the most action?
Just a brief update, if you missed it you can read more about the current state of the market in the monthly update posted last Thursday. We know that with only 2.3 months of inventory,...