Realty Thoughts

Market Statistics - January 2018

Posted on Feb 06, 2018 in Statistics

January 2018 was a wet but warm month in the Lower Mainland. Except for the first few days of the year where temperatures were below the historical averages, our daily temperatures have trended about 2 to 4 degrees warmer than the historical averages. 

This sogginess has not affected the townhouse and condo market as we are still seeing large lineups...

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Market Statistics - December 2017

Posted on Jan 06, 2018 in Statistics

We hope everyone had a great Holiday Season to cap off the eventful year of 2017!

The Metro Vancouver market continued to be buoyed up by those buyers that were trying to meet the end-of-the-year deadline for the new mortgage changes and this meant that many sales were over the asking price.

As an example of buyer's desperation, we are working with s...

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Market Statistics - November 2017

Posted on Dec 06, 2017 in Statistics

Well, that was a depressing November on the weather front in Vancouver: 27 of the 30 days were rainy which tied 1953 for the most recorded rainy days in November.

The situation looked a little sunnier for those people that were lucky enough to be holding Lower Mainland real estate, as most areas saw increased prices. Even single family homes, which...

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Market Statistics - October 2017

Posted on Nov 07, 2017

Wow! What a beautiful time of the year to be in Vancouver! The mountains had their first dusting of snow and the autumn leaves are extraordinarily vivid this season LINK to Global News.

Prices are dropping in the single-family home segment in most areas of the Lower Mainland, albeit by a very small margin. Down-sizers, in particular, are being affe...

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Market Statistics - September 2017

Posted on Oct 03, 2017

October has arrived with blue skies and the expected morning chill. That same chilling effect has to the single family home market in all areas of the Lower Mainland. In contrast, most of the attached properties are still receiving multiple offers which may be due to buyers trying to take advantage of their pre-approved mortgage rates prior to thei...

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Market Statistics - February 2017

Posted on Mar 03, 2017

The month of February has seen a turn-around in the multi-month price drops for single-family homes in many areas of the Lower Mainland. Whether it will continue remains to be seen, but anyone that purchased a house here in the last couple of years is probably taking an optimistic sigh of relief.

For Metro Vancouver, February had sales about 8 perc...

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