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...
The title of the recent Greater Vancouver Realtors' market report read: A Market Made for Buyers is Missing Buyers. Yes that seems to be true.
As noted in our March newsletter, after a very strong January in favour of sellers (ok maybevery strong is a bit much but definitely stronger than fall 2024!) February was not great and March continued th...
Before we get into the market update, just a reminder: BC SPECULATION AND VACANCY TAX DECLARATIONS MUST BE MADE BY MARCH 31ST! Go to gov.bc.ca/spectax
Our 2025 market has been unpredictable. January sales suggested that the market may have been rebounding back to the pre-disastrous-2024 levels. Interest rates were down considerably and buyers who ha...