Category: Trends

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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...

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How often do owners move?

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...

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How are things holding up?

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...

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October: Rates and Regulations

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...

About those AirBnB regulations

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...

Priced out forever?

I’ve spilled a lot of virtual ink on affordability on this blog and why I believe it matters.   In short, there are generally two affordability stories:  For condos, affordability has oscillated between bad and good...

Suites and home values

Suites are extremely common in Victoria.  With a stagnation in purpose built rental construction (until recent years), chronically low rental vacancy rates driving rents up, and high house prices that drive many people to mortgage...