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Vancouver Real Estate Statistics - March 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 - November 2017
The difference in median price per square foot between detached homes vs apartments and attached homes continues to narrow. I expect this to continue as apartment prices rise and house prices stagnate or decline.The biggest real estate news of late has been the Canadian Government's recent rule changes for nationally regulated mortgage lenders. The most significant of these changes is that ...
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Vancouver Real Estate Statistics - August 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.In spite of a slower market for detached homes there is no way to dispute that Westside house prices have remained impressive. The average sale price for a ...
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Vancouver Real Estate Statistics - July 2017
Months of Inventory (MOI) rose to 6.25 months for detached homes in January in Vancouver's Westside.Anecdotally, the fabulous weather we have been enjoying after a tough winter and spring appear to be slowing the market a little as everyone scrambles to enjoy some vacation. Looking forward, I expect we will see the apartment market continue to be strong while active listing volumes remain so ...
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Vancouver Real Estate Statistics - May 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 v ...
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Vancouver Real Estate Statistics - January 2017
Months of Inventory (MOI) for Vancouver West detached homes fell to 6.59 months in December - right in the middle of a "balanced" market range. Apartments and attached homes saw their MOI rise but both remain well under 5 months in "Seller's" market territory. Active listings volumes remained persistently low for most of 2016. These low active listing volumes helped facilitate huge price ga ...
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Vancouver Real Estate Statistics - December 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 fuel ...
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