Months of Inventory (MOI) shot up from 5.62 to 9.79 months between July and August 2016 for Vancouver West houses; pushing MOI for houses just inside "Buyer's market" territory.

MOI had already been creeping steadily up for houses since March but the last time we saw MOI rise more than 5 months over a single month was between October and November 2008 when it jumped from 19.5 to 37.96 months ...

Months of Inventory has begun to climb, particularly of for detached housing and we are slowly moving out of an extremely frenetic market to a more typical hot market.  Apartments and attached homes on the Westside continue to have very low months of inventory.  Don't expect prices to fall significant anytime soon.  

I have received countless requests for my opinion about what effect the vari ...

Vancouver westside Months of Inventory (MOI) has been slowly increasing since April.  Emphasis on slowly. 

In spite of the increases, MOI remains firmly in sellers' market territory and apartment and attached homes have MOIs in the super hot market territory of about 1 month.
*Remember that Months of Inventory (MOI) is a measure derived from the number of active listings during a given month d ...

Vancouver westside Months of Inventory (MOI)* remained at near record lows in April.  MOI for detached homes fell to 2.43 months.  Attached and apartments creeped up to 0.92 and 1.26 months respectively. It has been a sellers' market for over year. 
*Remember that Months of Inventory (MOI) is a measure derived from the number of active listings during a given month divided by the number of sa ...

Months of Inventory (MOI) has never been lower for Apartments and Attached homes.  They are both under 1 month of inventory!!  Detached homes are only marginally higher at 2.48 months.

The upward pressure on pricing has been fierce.   The average selling price of a westside detached home in Vancouver was over $4,000,000 in March!  The average price for an attached home was almost $1.4m and the ...

Months of Inventory (MOI), for apartments (1.38 months) and attached homes (1.35 months) has not been as low as this February at any point in the past decade.  I have not had the time to go into statistics prior to 2006 but it may well be that MOI for apartments and attached homes have never been this low before!  Detached homes are also at historic, though not record, lows and were at 2.47 i ...

The story of Westside Vancouver real estate of late has been one of few active listings.  In January, for apartments and attached homes, there were fewer than then there have been in over a decade.
It is also likely a great time to sell Vancouver investment properties if you are getting close to retirement.  Crystallizing your gains at such a high hot point of the market is a safe way to hedge ...

2016 is here and the Months of Inventory (MOI)* is at lows not seen for nearly a decade for Apartments and Attached homes!

Detached homes also remain low at only 2.86 MOI, a level not seen since 2011.  This is a definitive "Seller's Market".

The super low MOI numbers are a result of fewer active listings and a trend since early 2013 towards lower active listings volumes.  Active listing ...

Vancouver Westside house prices continue to soar.  The REBGV HPI Price index reached yet another high point in August - $2,695,100!  The average detached westside sale price is well over $3m.

The continuing spread between the increase in detached house prices and the rest of the market is well illustrated in the average price per square foot.  The difference between the average price per squ ...

Months of Inventory (MOI) remains at extremely low levels, indicating a continuing very strong sellers' market.

In addition to the drop in the Canadian dollar, the Bank of Canada reduced its lending rate to .75% in March.  The influx of foreign capital, coupled with ultra low mortgage rates, is fuelling the super-heated Vancouver real estate market.

Prior to 2010/2011 detached house pri ...