As expected, this fall is shaping up to be a buyer’s market and the stars are aligning for those looking to make a move. With the Bank of Canada cutting rates again and prices continuing to ease, buyers have more leverage, choice and time to shop than they’ve had in forever.
While the market has been sluggish, sales in September were up slightly; 1...
Well, here's something we haven't seen in a while: sales are up. Not by much, but after months of declines, a 2.9% year-over-year increase in sales in August is better than nothing!
This summer seemed a lot busier than usual and it appears that buyers are finally stepping off the sidelines, tempted by lower prices and a sense that the prices may not...
After an extended period of market uncertainty, we are now seeing some signs of stabilization across Metro Vancouver's residential real estate market. The current environment suggests a possible shift toward equilibrium, offering distinct advantages for both buyers and sellers who understand how to navigate these conditions effectively.
According to the sales results, June numbers suggest we might be seeing the first signs of a market finding its footing after months of uncertainty. While sales were still down 9.8% compared to June 2024, the decline has notably improved from May's steeper drop. Although we had a very busy May, sales overall were still down 20% so now at 9.8% we ar...
(Breaking news: Bank of Canada rate announcement today left rates unchanged although a future rate decrease is still expected.)
The numbers for May are out and we are told this is still one of the most buyer-friendly markets we’ve seen in years. I wasn't expecting the market to still show as buyer friendly to the extent that it has because in May we...
As we have been saying all year, it's a buyers' market with few buyers. While so far May seems to be taking off (more on that later) April’s numbers confirm what we’ve all been feeling: the market is STILL stuck in first gear. Sales plummeted 23.6% compared to last April, and are now 28.2% below the 10 year average. Meanwhile, inventory has surged...