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Archive for the ‘Predictions’ Category


October Stats Release from the REBGV

The stats release is re-printed below, followed by my comments. November 4, 2013 Balanced conditions continue in the Greater Vancouver housing market Home buyer and seller activity continues to mirror historical averages in the Greater Vancouver housing market. These trends have helped keep the region in a balanced state for the last nine months. The […]

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Interest Rates Are Going to Remain Low

On October 23rd the Bank of Canada’s confirmed that it would maintain 1%as the target overnight rate. What’s this mean? According to some it means that that “No longer are policymakers setting a specific monetary course for interest rates. Instead, for the first time in 18 months, they have dropped any reference to borrowing costs […]

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Sales Prices Begin To Trend Down in REBGV

Over the last month average sales prices across the Fraser Valley Board and the Real Estate Board of Greater Vancouver have been pretty stable. By stable I mean that they’ve ranged between $660,000 and 669,000. In fact, with the exception of a few blips that’s where average price has been since the beginning of the […]

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Inventory Has Peaked in the Lower Mainland- Inventory Decline Begins

Inventory in the Lower Mainland real estate market has decisively peaked, and the decline has begun. As the accompanying graph shows, 2012 inventory took off in January, and eventually exceeded the levels seen in 2010, and almost eclipsed the swollen inventory numbers of 2008. Both years led to drops in prices, with 2008 being the […]

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REBGV Monthly Stats Release

We’ve had some time to digest the monthly stats release. There was nothing surprising: Greater Vancouver housing market maintains a steady spring pace VANCOUVER, B.C. – May 2, 2012 – Home sale and listing activity has maintained a consistent pace on the Multiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped […]

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Real Estate Price Predictions for 2012

It’s prediction time again. What will real estate prices in the Greater Vancouver market do in 2012? Most outlooks are for stagnation or price drops. Prices have been falling since June, even though we’re still higher than last December. Will prices continue to fall? Or will local real estate compete well against other assets and […]

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Debt Ceiling and Market Crashes

“The news from France is very bad…” We can safely modify Churchill’s opening line from a June, 1940 speech to: The news from the global economy is very bad. We are clearly in a long term economic struggle. Possible outcomes are inflation/stagflation, low growth, contractions leading to lower prices, continued unemployment, and changes to the […]

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Inventory Graph Updated

I’ve updated the comparative inventory graph. Inventory is still high, but it’s growth is starting to slow, I think. Given low rates, steady demand and the slowing inventory growth I mention I don’t expect any radical price moves in the coming two months. My name is Rob Chipman and I’m a realtor, pilot and all […]

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Election Prediction

What started as a boring, unwanted election has turned into something interesting. Can you imagine Jack Layton flitting down to Washington to talk about healthcare and shutting down the tar sands with Obama? (But how would he handle Obama asking him to keep the troops in Afghanistan? :-)) Its fun to picture. Meanwhile, Scott Reid, […]

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R2P

Everybody loves a Democratic president, and everybody hates a Republican one, especially when everyone is Canadian. Case in point? Reagan? Bad. Clinton? Good. Bush? Terrible! Obama? Good, even great. Hope we can believe in and all that. (Wait, I screwed that up. It was “Hope” on it’s own and “Change we Can Believe In”) Anyway, […]

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