Blog by Sam Wyatt Personal Real Estate Corporation

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BC Budget - New Real Estate Taxes & Measures

March 6th, 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 on some of the most ...

Vancouver Real Estate Statistics - March 2018

March 2nd, 2018
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

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
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.
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.
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.
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.
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.
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.
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. 

While active listing ...

Vancouver Real Estate Statistics - December 2016

December 10th, 2016
Months of Inventory (MOI) was down for apartments and attached homes and slightly up for detached homes on Vancouver's Westside in November.  Detached homes hovered on the cusp of a "balanced" and "buyer's" market while apartments were in a "seller's" market.

Compared with the past several years, active listing volumes remain quite low.  it is this lower active listings number that helped fue ...

Vancouver Real Estate Statistics - November 2016

November 3rd, 2016
Will returning dual citizens and Canadians disaffected by the Trump presidency buoy up prices?  Gratefully, Trump's acceptance speech did not start with a "lock her up" chant and it might be that he puts his most crazy thoughts back in storage for four years.  There are certainly many who have said they would move home in the event of a Trump win but I suspect that human lethargy will prevai ...
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