(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...
January 2025 sales suggest that we may be seeing a solid turnaround in the market. The end of last year we saw a slight improvement and then to start the year, January was amazing, relatively speaking. While 2024 was a VERY slow year, the recent interest rate drops and apparent buyer confidence have resulted in a VERY active January. While 2024 was...
It was a very slow 2024-with lots of listings (and work!) but very few sales. For 2025, we are hoping that the many factors influencing the market will result in buyers taking advantage of the new opportunities AND sellers being able to actually sell their homes!
There are a lot of new market influences at play for 2025, many of which I provided det...