The fall market shifted from Buyer to Balanced in October, landing at a 14% sales-to-active ratio—which tilts toward Buyer advantages. The end of October rate drop sparked fresh buzz, opening new doors for move-up, first-time buyers & investors. Homes in South & North Delta, Richmond, White Rock are still moving – just with a new…
The fall market has officially shifted – from Balanced to Buyer-leaning….. Benchmark prices are down: → Detached homes: ↓4.4% YoY → Townhomes: ↓2.7% YoY → Condos: ↓4.4% YoY Why the dip? → Spring’s higher interest rates slowed buyer activity. → Inventory climbed as homeowners timed fall transitions. → But on September 17th, the Bank of Canada lowered its key rate by 0.25% & that sparked renewed Buyer momentum. …
August brought a breath of fresh air to the Metro Vancouver real estate scene—finally, a balanced market that feels like a fair game for both sides of the table. With a 12.4% sales-to-active listings ratio, we saw confident decisions, fair negotiating, and a sweet spot where Buyers and Sellers could meet in the middle 😎. …
Prices have been stable for the past few months, with balanced conditions across the market. Overall there are LOTS OF OPPORTUNITIES for making a purchase OR Selling and Buying in the same market! We are seeing well priced homes SELLING extremely well & BUYERS are stepping forward with offers & sellers getting the prices that…
We saw another Balanced month, however, this market with Buyer advantages is missing Buyers! This March, we saw a notable decrease in home sales – a 13.4% drop compared to March 2024. Despite this decrease, active listings have surged – providing Buyers with more inventory options! The benchmark price for all residential properties is now $1,190,900, a slight…
Metro Vancouver’s housing market achieved balanced conditions in February! What does this mean for Buyers and Sellers? New Listings: Increased compared to January, giving buyers more options Market Conditions: Balanced, with moderate price adjustments across different property types Detached Homes: Prices seeing slight declines, with demand steady in sought-after neighborhoods Condos & Townhomes: Holding value as…
Canadian real estate market sees higher share of condos in 2021, in wake of rising detached housing values; affordability shifts demand for condominiums into high gear in 2021. Staggering gains in detached housing values have sent condominium sales soaring throughout the first eight months of 2021 in major Canadian real estate markets, according to a…
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