“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 →Tightening Cycle
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.
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