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Vancouver Real Estate Statistics - July 2022 - Interest Rates
Months of Inventory (MOI*) was well in seller's market territory most of 2021 for Vancouver attached homes and apartments. One of the hottest markets was the detached East Vancouver house market while detached Vancouver Westside houses were mostly in a balanced market during that same period. MOI fell between February and March of 2022 but began to rise in April. It should be noted that th ...
Vancouver Real Estate Statistics - July 2021 - Wild Ride
It has been a wild ride for the Vancouver real estate market over the past year. In January 2020, after nearly 2 years of protracted price declines the market was ready for a rebound. January through March 2020 foretold a hot spring market. When the Covid-19 pandemic took centre stage in late March of 2020 the market stalled for about 6 weeks and then took up where it left off. Monetary ...
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Vancouver Real Estate Statistics - May 2020 - COVID 19
Covid-19 has had a dramitic impact on Months of Inventory (MOI*) for Vancouver Westside detached homes. Detached homes' MOI dropped to 4.58 months in March 2020, a low not seen since May 2017. By late March the Coronavirus had been identified as a global pandemic and the closures of public facilities and businesses began. The result to the Vancouver Real Estate market was that MOI rocket ...
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Vancouver Real Estate Statistics - March 2020 - COVID 19
In spite of the Covid-19 virus It has been a very hot market. February 2020 saw months of Inventory (MOI)* drop for all product types. Westside Detached MOI dropped to 8.40 months - the lowest it has been since October 2017. Having said that, it is still in a so called "balanced" market. Attached dropped to 5.21 months - the lowest it has been since July 2018. Apartments dropped to 3.9 ...
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Vancouver Real Estate Statistics - December 2019
Months of inventory (MOI)* began 2019 in double digits for detached Vancouver Westside homes and remained elevated for most of the year. In fact, detached homes MOI has been in double digits for 19 of that past 24 months. Attached homes and apartments MOI started lower and apartments crossed into a buyer's market in July. All home types' MOI trended downwards this year.
All home ...
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Vancouver Real Estate Statistics - July 2019
As anticipated, Months of Inventory (MOI)* likely hit its low points in May and began to rise again in June. Both Westside detached homes and townhomes are in a "buyers' market" at 12.42 months and 8.22 respectively. Apartments at 6.59 months are in a n so called "balanced" market.
Active listings are presently at typical volumes for all home types.
Sales volumes remain low for all ...
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Vancouver Real Estate Statistics - June 2019
Months of Inventory (MOI)* dropped for all Vancouver Westside home types in May 2019 indicating a boost to the market. It is pretty typical to see the market at its hottest sometime in the Spring and often it is in May. When we look back later this year, May or June will likely have been the market's high point for 2019 sales volumes.
Sales volumes grew significantly for all home types ...
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Vancouver Real Estate Statistics - May 2019
Months of Inventory (MOI)* remained in double digits for detached homes for another month in May. MOI for detached Westside homes has been in double digits for 16 of the last 17 months. Apartments MOI rose in May in large part due to increased active listing volumes. Attached homes were the only home type that saw a reduction in MOI in May.
As the Active Listings chart shows, apartmen ...
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