Statistics

January 2024 Market Statistics

Posted on Feb 06, 2024 in Statistics

 
 
Throughout 2023, Canadians grappled with economic uncertainty and volatile housing markets, particularly in Metro Vancouver.  We believe that 2024 will be the start of a dramatic turnaround in the real estate market.

Inflation: After a significant drop from its peak of 8.1% in July 2022 to 4.0% in September 2023, inflation is expected to return to th...

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December 2023 Market Statistics

Posted on Jan 05, 2024 in Statistics


The last month of 2023 did not reveal any surprises in the BC real estate market. As is common for December, sales activity was down and exacerbated further by high interest rates. The high interest rates have kept many buyers (and even sellers) on the sidelines, and with the rates expected to ease up in 2024, we expect a flurry of buyer and seller...

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November 2023 Market Statistics

Posted on Dec 05, 2023 in Statistics


2023 is on it's way to have the fewest new property listings in a year since 2002.

The BC NDP has swiftly passed several bills to increase the housing supply and control speculation. One of them deals with short-term rentals and regulations imposed on short-term rental platforms such as Airbnb. We expect there will be a notable impact on both the re...

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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...

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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...

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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...

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