Blog by Sam Wyatt Personal Real Estate Corporation

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Vancouver Real Estate Statistics - November 2018

November 5th, 2018
We experienced a typical Fall "bounce" in October with a small burst of sales activity.  Months of Inventory (MOI*) fell from highs not seen since the credit crises to 11.76 for detached homes, 5.61 for attached homes and 5.27 for apartments.  Detached homes remain well entrenched in a buyers' market. 

Sales volumes increased slightly in October compared with September.  We are likely to se ...

Vancouver Real Estate Statistics - October 2018

October 2nd, 2018
Months of Inventory (MOI*) reached more than 20 months for detached Westside homes in September.  This is the highest it has been since the credit crisis in 2008.  Moreover, MOI has been in double digits for 11 of the past 14 months.  Contrast this to the Credit Crisis where MOI was in double digits for only 7 months.  MOI rose also for attached homes and apartments to more than 8 and 6 month ...

Vancouver Real Estate Statistics - September 2018

September 4th, 2018
Months of Inventory (MOI*) was in double digits for Vancouver Westside detached homes for 10 of the last 13 months.  Not surprisingly Prices have been falling.  Unlike houses, attached homes and apartments have remained below 5 months for most of the past 13 months.  However, there too MOI is on an upward trajectory.

The Greater Vancouver Real Estate Board's HPI price for detached westside hom ...

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
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
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.   
There are s ...

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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