Royal LePage Q4 2018 House Price Survey Royal LePage just released their 2018 Q4 House Price Survey results and the news is mixed. Phil Soper, President and CEO of Royal LePage, described the inflation as leading to “…dangerous overheating in our most populous regions” but noted that we are in a correctional cycle. Alex Macpherson … Read more
Sellers Market? Today, depending on the inventory available in your immediate area, you might very well be in a sellers market, but this will probably only last for a few months until many of the expired listings from 2013 get re-listed. Since 2008, any of my interested clients, and others who might have read my blog … Read more
In September 2011 we were still in a buyers market with over 18,000 active listings in this geographic area serviced by the Real Estate Board of Greater Vancouver. By December 1st we had returned squarely into a balanced market with just over 14,000 listings available. We start the New Year with just over 10,400 listings … Read more
In March we said goodbye to 35-year amortizations, and with concurrently rising interest rates the entry-level buyer pool has now basically dried up through April. This means that Sellers wishing to move up will have more and more difficulty with so few new buyers in the market. So if you are selling and you want … Read more
Real Estate Highlights of 2010 – continued… Buyer’s Market On April 27th I posted, “Hello Buyer’s Market!” to let my clients know we were in a Buyers Market. It was four months later that the chief economist of the Real Estate Association mentioned “a summer shift to a buyers market”. Balanced Market Locally this past … Read more
It’s been a buyer’s market since April and the return to a balanced market is almost here.
…at least according to commentary in a publication regularly inserted in a local newspaper, which is widely circulated throughout Greater Vancouver and Fraser Valley communities: http://www.newlocalhome.com/editions/nlhr100722 The assertion, “…Homebuying is Easy,” seems to be based on the supply of homes listed on MLS. I checked yesterday and the Real Estate Board of Greater Vancouver (REBGV) … Read more
The Canadian Real Estate Association provides a monthly overview of the housing market in Canada. CREA compiles statistics of properties sold through MLS and tracks market trends for prices and properties sold. According to a recent report in The Ottawa Citizen, CREA president Calvin Lindberg projects the average selling price of homes in Canada will … Read more