Arguably the largest influence on the Vancouver real estate market in 2018 was the implementation of the new mortgage "stress test" rules that came into effect January 1st of 2018.   Months of inventory had been trending upwards since the fall of 2016 and prices were already softening when the new rules really put the brakes on detached home sales.  Months of inventory (MOI*) continues to t ...

Arguably the largest influence on the Vancouver real estate market in 2018 was the implementation of the new mortgage "stress test" rules that came into effect January 1st of 2018.   Months of inventory had been trending upwards since the fall of 2016 and prices were already softening when the new rules really put the brakes on detached home sales.  Months of inventory (MOI*) continues to t ...

Months of Inventory (MOI*) dropped to 12.3 for detached Westside Vancouver homes in November.  It rose to 8.28 and 6.57 months for Attached homes and apartmens respectively.  Months of inventory has been in double digits for houses for 11 of the last 12 months.  I expect this high MOI to remain and for attached and apartment MOI to rise.

Active listing volumes are presently within typ ...

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 ...

Median price per square foot says house prices have fallen back to early 2016 numbers.

Based on current MOI levels, it is likely that we will continue to see sale prices fall for all home types.  The dramatic MOI level for houses means we will probably see even lower sales volumes in October.

It is presently difficult to see what might turn falling prices around.  In 2009 and 2012 (other recen ...

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 ...

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 ...

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 ...