Who grew Victoria in the last 5 years
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%,...
Category: Trends
Eby’s big housing push: real deal or dud?
This post is 2 years old. The data and my views may have since evolved.A few weeks ago David Eby released his housing platform which contained a long list of actions both on the supply...
What would it take to get affordability back?
This post is 2 years old. The data and my views may have since evolved.Well after that brief and exciting diversion to local politics, its back to housing analytics. However stay tuned for a future...
No gain in affordability, but conditions have improved
This post is 2 years old. The data and my views may have since evolved.Last September the median detached house sold for $1,093,750, which at an average 2.3% mortgage rate and 20% down cost $3840...
Regions and property types: what’s doing the best?
This post is 2 years old. The data and my views may have since evolved.We know that the market overall has pulled back a little since February, going from a peak of 75% of properties...
New and active listings: what happened during the crash of ’81?
This post is 2 years old. The data and my views may have since evolved.I recently found some more data on active listings in Victoria, bringing us back to 1990 for active residential listings data. ...
Months of inventory or sales to list: which is better?
This post is 2 years old. The data and my views may have since evolved.Both months of inventory and the sales to new listings ratio are indicators of market balance correlated with subsequent price movements. ...
Tracking the coming market slowdown
This post is 2 years old. The data and my views may have since evolved.The murmurs of a slowdown in Toronto and Vancouver have gotten stronger recently, with more reports of offer nights without offers,...
Affordability cracks long term trends
This post is 2 years old. The data and my views may have since evolved.I’ve been checking in on affordability regularly as prices continue to escalate, as it’s been correlated with future price movements in...
Rental reprieve over: vacancy rate returns to 1%
This post is 2 years old. The data and my views may have since evolved.Back when the pandemic first hit I wrote an article saying the rental market – which at the time had a...