Towards a better measure of market balance
This post is 2 years old. The data and my views may have since evolved.Warning: this is a nerdy one as I try to come up with a more accurate measure of market balance. If...
Category: Trends
About all those new listings
This post is 2 years old. The data and my views may have since evolved.New listings have been on a tear in April, and it’s worth looking at what might be behind the increase. Ever...
Vancouver premium fades, but it’s still a lot of money
This post is 2 years old. The data and my views may have since evolved.After 6+ years of price stagnation following the Great Financial Crisis, two things turned the market around in 2014/15: the improvement...
The non-permanent residents
This post is 2 years old. The data and my views may have since evolved.Much has been written about the surge in population growth in recent years, and indeed year over year growth in B.C....
The rates tailwind
This post is 2 years old. The data and my views may have since evolved.From 1981 to 1991, interest rates dropped by 43%. From 1991 to 2001, interest rates dropped by 42%. From 2001 to...
How often do owners move?
This post is 2 years old. The data and my views may have since evolved.There was an interesting article in the Globe & Mail recently trying to back the claim that Canadians move approximately every...
How are things holding up?
This post is 2 years old. The data and my views may have since evolved.It’s no secret that the market is very slow out there. Though relatively modest inventory levels are keeping us in balanced...
Some rate relief, but damage is reverberating
This post is 3 years old. The data and my views may have since evolved.The market has been primarily driven by rates in the last 18 months. Last year we saw a rapid price drop...
October: Rates and Regulations
This post is 3 years old. The data and my views may have since evolved.It’s been an eventful month for the housing market both in Victoria and the broader regulatory landscape in the province. In...
About those AirBnB regulations
This post is 3 years old. The data and my views may have since evolved.Last week the provincial government brought in broad new restrictions on short term rentals, defining minimum standards on what’s legal, unveiling...