Blog by Sam Wyatt Personal Real Estate Corporation

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BC Budget - New Real Estate Taxes & Measures

June 4th, 2018

UPDATED June 4 2018:
The 2018 BC budget included a suite of measures aimed at slowing the real estate market and attempting to increase residential rental stock.  So many new measures added just after significant mortgage qualification rules came into effect January 1st 2018 make the chances of a declining Vancouver real estate market entirely probable.  Here is a quick summary and commentary ...

Vancouver Real Estate Statistics - June 2018

June 4th, 2018
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For the months of March and April, the price per square foot for apartments was higher than for Westside detached Vancouver homes.  This is the first time since 2010 that this has been the case.  In May, the median price per square foot climbed for houses and fell for apartments, putting apartments lower again.  It looks like price per square foot sale values for the various home types are g ...

Vancouver Real Estate Statistics - April 2018

April 4th, 2018
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Months of Inventory (MOI*) rose again in March for Vancouver Westside detached homes.  It is presently at 14.57 months - the highest it has been in any March for over a decade!  Westside house prices are falling.  Apartments and attached MOI sit at 2.05 & 4.44 respectively.  Even as house prices fall, apartment pricing will likely continue to rise over the next several months.   
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There are s ...

Vancouver Real Estate Statistics - March 2018

March 2nd, 2018
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Months of inventory (MOI)* remained in double digits for detached homes for a third consecutive month in February.  February's MOI was the highest February and also the only time a February has been higher than January of the same year since 2006 .  Westside Detached house prices seem likely to see downward price pressure in the coming months.  In sharp contrast, Apartments remain deep in a s ...

Vancouver Real Estate Statistics - December 2017

December 2nd, 2017

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Super low active listing volumes for apartments continues to be the news in Vancouver's real estate market statistics.  There have been more Westside houses for sale than apartments for the past four consecutive months.  The past 2 years' low active listing volumes for apartments and attached homes has put significant upward pressure on pricing.  Detached active listing volumes have been more ...

Vancouver Real Estate Statistics - November 2017

November 1st, 2017
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Months of Inventory (MOI)* remains well entrenched in a seller's market for attached homes and apartments but detached homes have seen several spikes deep into buyer's market territory over the past year.  MOI in October 2017 for Vancouver's Westside was 7.39 for houses, 2.94 for Attached homes and 1.94 for apartments.
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Active listing volumes have been well below the past decade's norm for apa ...

Vancouver Real Estate Statistics - October 2017

October 6th, 2017
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Vancouver Real Estate Statistics - August 2017

August 4th, 2017
In January, Months of inventory (MOI)* for detached Westside Vancouver houses was at its highest point since the Credit Crisis of 2008.  The spring market brought it down to 3.3 months in May but as of July it was up again to 9.88 months.
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Apartments and attached homes have remained low relative to the last decade's figures.  Apartments were at 1.97 and attached homes 3.46 months in July.
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The We ...

Vancouver Real Estate Statistics - July 2017

July 8th, 2017
Months of Inventory (MOI) rose to 6.25 months for detached homes in January in Vancouver's Westside.
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MOI was 2.17 and 1.47 months for attached homes and apartments respectively. While MOI has been in sellers' market territory for the past year for apartments and attached homes, detached homes have been mostly in a balanced market range over the past 12 months.
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The Active Listings chart helps e ...

Vancouver Real Estate Statistics - May 2017

May 2nd, 2017
The last couple of months in the Vancouver real estate market have been a wild ride.
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Months of Inventory (MOI) reached over 15 months for detached homes in January in Vancouver's Westside.  This is the highest it has been since the 2008 credit crisis.  MOI in April sat at 5.43 months for detached homes, 2.13 months for attached homes and only 1.44 months for apartments. 

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While active listing ...
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