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Archive for the ‘The Market’ 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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BC Housing Rally? Really?

A mortgage broker with Verico, Geoff Ellingham, sends me emails with real estate links (he hasn’t singled me out for special treatment – I’m sure he sends links to all the cool kids). A recent one that stood out was a Globe & Mail report that the BC Housing Rally is expected to continue through […]

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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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Pricing is Critical for Real Estate Success

Pricing of properties in this market is critical to a real estate success. If you want a successful sale you have to price your property sharply. We’ve been experiencing this in our deals and now it’s come up in the Vancouver Sun: 983 Crystal Ct., Coquitlam Type: 5-bedroom, 4-bathroom detached Size: 4,111 sq. ft BC […]

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Dishonest Realtors and The RECBC

In the wake of a recent CTV news story by Lynda Steele (Dishonest Realtor’s Punishment Questioned by Victim) involving the Real Estate Council of BC’s disciplining of of a Vancouver area realtor, Whispers From the Edge of the Rainforest blog has run a couple posts that I’ve commented on. Additionally, Trish Johnson, who regularly posts […]

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May 2013 Real Estate Statistics Release from the REBGV

The REBGV has just released its May real estate statistics press release. It is quoted below, and my comments follow after that. Spring months bring balance to Greater Vancouver housing market While the number of home sales in Greater Vancouver continued to trend below the 10-year average in May, the balance of sales and listings […]

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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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February Inventory Levels

February’s inventory levels are in, and there’s something remarkable about them: at 17,231 they are at the highest February levels ever. They’re higher than last year’s February numbers, and they’re higher than 2010 and 2008. There’s another name for highest levels ever. It’s called “record inventory levels”. You can also call that record supply levels. […]

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Vancouver Real Estate Inventory Growth Shows No Signs of Slowing

Inventory is the supply side of the real estate supply/demand equation. Less inventory often translates into more demand relative to supply, and that often means higher prices. It also works on the reverse. More real estate inventory means more supply relative to demand, which usually exerts downward pressure on prices. That’s why we care about […]

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REBGV Stats Release

The Real Estate Board of Greater Vancouver has released the October stats package to the media. Before talking about what it means you can read it for yourself: Housing market sees slight changes in October Vancouver, B.C. – November 2, 2012 – The Greater Vancouver housing market saw a slight increase in the number of […]

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