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...
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...
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...
The market has been primarily driven by rates in the last 18 months. Last year we saw a rapid price drop during the initial hikes followed by rate stability bringing back some exuberance in the...
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...
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...
Just under a year ago, the BC government abolished rental restrictions in BC condos. As a reminder, at the time the landscape of condos looked like the chart below, with the majority of condos built...
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...
Two years ago the average Canadian borrower was paying just under 2% for a new mortgage while bank accounts were paying near zero interest and GICs were in the 1% range. Convential wisdom was that...
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...