Market Update

  • April 2017

  • March 2017 Market Update – Vancouver Real Estate

    April 9, 2017

    Do you remember the one area of weakness that we mentioned last month? That was East Vancouver houses and it, too, has picked up in the last month (sales nearly doubling month-to-month). It’s becoming more and more apparent that the […]

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  • March 2017

  • FEBRUARY 2017 MARKET UPDATE – VANCOUVER REAL ESTATE

    March 10, 2017

    The statistics for the month of February reflect a market that is coming to life after a quieter fall and winter. In almost every meaningful measurement we are seeing an upward trajectory. The one area that continues to show weakness […]

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  • January 2017

  • December 2016 Market Update – Vancouver Real Estate

    January 13, 2017

    December 2016 Market Update 2016 ended with a resounding whimper. Just about every meaningful statistical measure fell in the month of December from the number of sales, new listings, total active listings to prices. This is not altogether unexpected as […]

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  • November 2016

  • Vancouver Real Estate in Historical Context

    Vancouver’s Current Real Estate Market in a Historical Context

    November 15, 2016

    Wading through the vast quantities of information available on the Vancouver real estate market can be confusing as well as daunting. In our opinion, much of that information fails to provide a long-term perspective instead focusing primarily on monthly fluctuations […]

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  • October 2016 Market Update – Vancouver Real Estate

    November 9, 2016

    Vancouver Real Estate October 2016 Market Update Did we mention that the market was becoming increasingly complex last month? It’s even more the case this month. Overall, the market is slower than what we saw in early 2016. The slowest […]

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  • October 2016

  • October 2016 Mortgage Update – Vancouver Real Estate

    October 14, 2016

    October 2016 Mortgage Update The federal government recently announced changes to rules regarding mortgage financing. As of October 17th, 2016 these changes will reduce the mortgage amount that buyers on high-ratio mortgages (putting <20% down) will be able to obtain. […]

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  • September 2016

  • August 2016 Market Update – Vancouver Real Estate

    September 1, 2016

    August 2016 Market Update The most recent Vancouver real estate statistics indicate a market that is adapting to a new reality. We can see evidence in these numbers that many took a wait and see approach (declining sales numbers). What […]

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  • AUGUST 2016 Market Update – Vancouver Real Estate

    September 1, 2016

    August 2016 Market Update August 2016 Market Update The August Vancouver Real Estate market statistics reflect a market that is adapting to a new reality. That reality is the introduction by the provincial government of the Foreign Investor Tax on August […]

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  • August 2016

  • Market Update – July 2016 was the slowest month in Vancouver Real Estate

    August 1, 2016

    Just about every statistic indicates that July 2016 was the slowest month in Vancouver real estate that we’ve seen in quite some time… Just about every statistic indicates that July 2016 was the slowest month we’ve seen in the Vancouver real estate […]

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  • June 2016

  • June 2016 Market Update – Vancouver Real Estate Statistics

    June 29, 2016

    June 2016 Market Update There was a lot of strength in the June numbers. Across the board, prices were up…in some cases extraordinarily so (+8.31% month-to-month for Townhouses). However, a few cracks are beginning to appear. Specifically, we are starting […]

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  • May 2016 Market Update – Vancouver Real Estate Statistics

    June 1, 2016

    May 2016 Market Update   Reviewing the May 2016 MLS statistics the glaring highlight is the month over month increase in detached house values. It was an astounding 8.27% in East Vancouver and 7.58% on the Westside. Those are shocking. […]

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  • May 2016

  • APRIL 2016 MARKET UPDATE – VANCOUVER REAL ESTATE STATISTICS

    May 1, 2016

    April 2016 Market Update March was a hard month to follow. That month set an all-time record for sales in the REBGV. April 2016 tempered that number somewhat but only by comparison. On it’s own, the numbers for April 2016 […]

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  • April 2016

  • Vancouver Real Estate Statistics

    March 2016 Market Update – Vancouver Real Estate Statistics

    April 1, 2016

    March 2016 Market Update Across the Real Estate Board of Greater Vancouver, March 2016 had the most number of sales ever recorded (for any month). They were also 56% above the 10-year average. Within Vancouver city limits, this is the highest […]

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  • March 2016

  • February 2016 Market Update – Vancouver Real Estate Statistics

    March 1, 2016

    February 2016 Market Update On all fronts February was another record-setting month in the Vancouver real estate market. For the month, sales were at their highest in the past decade as the number of active listings were at their lowest […]

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  • February 2016

  • The 2016 BC Budget and It’s Impact on Vancouver Real Estate

    February 17, 2016

    On February 16th the provincial government tabled it’s 2016 budget. As expected, there were some attempts to address the housing market in that budget. Specifically: No PTT on new construction priced under $750,000  Applies only to Canadian citizens or permanent […]

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  • January 2016 Market Update – Vancouver Real Estate Statistics

    February 1, 2016

    January 2016 Market Update 2016 has picked up right where 2015 left off. On paper, the numbers won’t knock your socks off…until you look more closely. Anecdotally, we’ve been noticing some extraordinary sales crossing our desk in the last month…particularly […]

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  • January 2016

  • December 2015 Market Update – Vancouver Real Estate Statistics

    January 1, 2016

    December 2015 Market Update Typically, our market has a very quiet month in December. This year was no different. However, when we compare this quiet month to others in the past it was actually one of the strongest in the […]

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  • December 2015

  • November 2015 Market Update – Vancouver Real Estate

    December 1, 2015

    November 2015 Market Update As expected the volume of sales is finally starting to ease up as we head into the holidays. The difference this year though is that the only reason is the lack of property available to actually buy. As […]

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  • September 2015

  • September 2015 Market Update – Vancouver Real Estate

    September 10, 2015

    Usually, we see an uptick in market activity come September as clients and realtors return to their typical schedules. This year appears to continue that historical pattern. Across the board we see increased activity as demonstrated by more listings and […]

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  • Vancouver Real Estate Statistics - August 2015

    August 2015 Market Update – Vancouver Real Estate

    September 4, 2015

    Summer is typically a slower time in the real estate market. In particular, August is usually the lull of the summer months. This year is no exception, but this is also relative. While this August is slower than the months […]

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  • December 2014

  • December 2014 Market Update – Vancouver Real Estate

    December 20, 2014

    Duncan Brown's current news page and newsletter with predictions for Vancouver's downtown condo real estate market

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  • December 2014 Market Update – Vancouver Real Estate

    December 10, 2014

    Many areas have now seen average house price increases for the year enter double digits. Price rises on the Westside continue to come in waves (the top end of the market $4,000,000+ being particularly active lately), whereas on the Eastside it is a steadier, more predictable climb. 2015 looks to be more of the same unless factors outside the city force a change, primarily the Chinese economy.

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  • December 2012

  • Winter 2012 Market Update – Vancouver Real Estate

    December 1, 2012

    The house market is a little harder to predict as it is less likely to follow historical lines due to the influence of outside factors, most specifically Chinese buyers. There is no doubt that Vancouver will continue to be a very attractive option for Chinese investors and their families but how and when they choose to buy is tougher to call. The global economic climate, the Chinese Economy, BC's prosperity vs other provinces and the tax implications in both countries are all major factors. However it�??s safe to say that for the most part the Chinese are here to stay and, as with the condo market, anyone looking long term has little to worry about. The challenge is avoiding getting burned by short term fluctuations or conversely becoming too preoccupied (dare I say greedy) by trying to take advantage of those same fluctuations. Eg: if you bought a house on the Westside in 2009 and sold it in 2011 you would likely have done very well. If you bought the same house in 2010 and sold it now, not so well. However if you bought any house before 2007 and sold it now you would have done very well and I believe that the same will apply if you buy almost any house in 2013 and sell it in 5-10 years time. It�??s like day trading vs Gold. In today�??s world one makes a lot more sense for most of us than the other, even more so when it�??s your home you are talking about.

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  • October 2012

  • Fall 2012 Market Update – Vancouver Real Estate

    October 1, 2012

    The house market on Vancouver�??s Westside turned very rapidly in April/May 2012. Buyers from Mainland China who had been the driving force behind sales for the past 5 years decided to sit back and some to cash out.

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  • April 2012

  • Spring 2012 Market Update – Vancouver Real Estate

    April 2, 2012

    AS PER MY LAST NEWSLETTER, STABILITY IS THE WORD AND ESSENTIALLY VERY LITTLE HAS CHANGED. The listing inventory is divided into 2 categories: a) homes which are unrealistically priced and sit for weeks even months on the market and b) homes right next door to them which are competitively priced and will sell in the first few days of the listing with competing offers, often still at significantly more than the list price.

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  • October 2011

  • October 2011 Market Update – Vancouver Real Estate

    October 1, 2011

    House Market: The detached market on Vancouver�??s Westside continues to hold firm despite numerous predictions (not mine)to the contrary...

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