Market Statistics - February 2018
Posted on Mar 06, 2018 in Statistics
February 2018 brought record snowfall to the Lower Mainland and Fraser Valley areas in contrast to our soggy January.
This chill is also indicated in the Lower Mainland housing market as houses in particular have seen a drastic drop in the number of sales. February's sales of houses were almost 40% below the 10 year average for February. Levels like...
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...
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...
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...
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...
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...
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...