October 2023 Market Statistics
Posted on Nov 07, 2023 in Statistics
As October drew to a close, the real estate market embraced the spirit of the season with Halloween, ending the month on an eerie note. :^) Listings have started to accumulate, while sales remain lagging. In some areas, we've observed a slight uptick in prices, particularly in the condo segment, possibly owing to their affordability. Detached homes...
History of Vancouver (Just the past 9000 years)
Posted on Oct 09, 2023 in Way Back Machine
This is a link to very interesting and engaging video by a Vancouver company named Usefulcharts.com.
September 2023 Market Statistics
Posted on Oct 09, 2023 in Statistics
In this month's statistics email we've added a link to a very interesting video on the history of the Vancouver area from 9,000 years ago (!) to today. We hope that you enjoy it. See the link after the statistics.
The Bank of Canada has halted their interest rate increases for the short term, as the inflation rate has shown signs of slowing. Those...
The Bank of Canada has halted their interest rate increases for the short term, as the inflation rate has shown signs of slowing. Those...
August 2023 Market Statistics
Posted on Sep 07, 2023 in Statistics
In the Lower Mainland, prices have remained relatively stable over the past year, without significant appreciation. The Bank of Canada's decision to maintain the interest rate at 5% has provided some relief to potential homeowners, as they can secure their mortgages at stable rates. We expect to see more buyers enter the market this month, which sh...
July 2023 Market Statistics
Posted on Aug 04, 2023 in Statistics
THE REAL ESTATE MARKET OF 2023 TO DATE
In January 2023, Greater Vancouver experienced a notable shift in the real estate market with house prices increasing for the first time in eight months. This price decline was a consequence of seven rate hikes by the Bank of Canada, which led to a 10-20% drop in home prices, with even higher declines in the Fr...
Updated Strata Rules for EV Charging
Posted on Aug 01, 2023
Facilitating EV Charging Stations on Strata Properties: A Step Forward by the Government of B.C.
In a progressive move, the Government of British Columbia is clearing the path for increased accessibility to electric vehicle (EV) charging stations on strata properties.
With recently enacted legislation, strata corporations and owners now have a smoothe...