Last week we discussed the changes coming from the first part of Eby’s new housing platform. One of the biggest immediate changes was the removal of the ability of strata councils to restrict owners renting...
A brief update as I’ve been busy moving my parents to town over the last few days (success). We know that after a few decades of a relatively low and constant growth rate near 1%,...
A few weeks ago David Eby released his housing platform which contained a long list of actions both on the supply and demand side of the housing market. While for now that is just a...
Well after that brief and exciting diversion to local politics, its back to housing analytics. However stay tuned for a future article analyzing the provincial housing promises that presumptive NDP leader David Eby announced recently....
Last September the median detached house sold for $1,093,750, which at an average 2.3% mortgage rate and 20% down cost $3840 per month. 6 months later in March the median price had jumped to $1,310,000,...
We know that the market overall has pulled back a little since February, going from a peak of 75% of properties going in bidding wars and under 1 month of inventory, to 38% going over...
I recently found some more data on active listings in Victoria, bringing us back to 1990 for active residential listings data. It doesn’t change the picture too much though, with the average inventory remaining at...
Both months of inventory and the sales to new listings ratio are indicators of market balance correlated with subsequent price movements. But which one is more reliable? And how do they behave when the market...
The murmurs of a slowdown in Toronto and Vancouver have gotten stronger recently, with more reports of offer nights without offers, and a substantial pullback in showings activity, while Toronto inventory grew substantially in February....
I’ve been checking in on affordability regularly as prices continue to escalate, as it’s been correlated with future price movements in the past. The affordability chart uses yearly averages, and the last time we checked...
