The housing market is a dynamic and complex ecosystem influenced by a multitude of factors, ranging from economic conditions and interest rates to government policies and local supply and demand. As prospective homebuyers, sellers, investors, and policymakers navigate this intricate landscape, one invaluable tool emerges as a guiding light: the 10-year average.
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REBGV – The Million Dollar Wall | The Lede | 004
“Affordability” is a term that has become increasingly prevalent in discussions surrounding housing and real estate over the past decade. Whether you have personal experiences or professional involvement in these areas, you are likely familiar with the complexities associated with this loaded term.
Continue reading →REBGV – Rate hikes and the impact on the Vancouver market | The Lede | 003
Andrew Lis, Director of economics and data analytics for the REBGV, has transformed the data by indexing it to an initial value to compare different cycles over time. By analyzing historical tightening cycles and their impact on sales and prices, Lis predicts that sales might return to normal in about 12 months, while prices could be back to normal in a little over 6 months if the current cycle tracks the ’82 cycle. However, he cautions that anything can happen.
Continue reading →COVID-19: B.C. residential real estate rebounds despite government fears
According to REUTERS, residential real estate sales in British Columbia are surging, despite COVID-19. Read on to find out more…
Continue reading →Bidding war erupts for Vancouver heritage home during the pandemic
So many people wanted to see it they had to extend the viewings for two days. They received 14 offers, and the buzz in the real estate industry is that the house sold for $1.928 million, $340,000 above the asking price.
Continue reading →January Market Update
Overall, the predictions we are forming, based on CMHC, BCREA and other industry experts, is that we can anticipate an increase in the number of sales, but not gains in pricing. That said, we are
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