August has come and gone and with it the trend for lower sales and lower listings continued. As bad as some may think it is (and it is bad) it is not 2008 all over again. It’s somewhere between 2008 and 2009. That would make it pretty close to “meh”. Not the worst ever and [...]
August 2010 Vancouver Real Estate Stats Released
Thursday, September 2nd, 2010July 2010 Vancouver Real Estate Stats Released
Wednesday, August 4th, 2010The fireworks may have been going off in English Bay, the pride banners may have been waved loud and proud, and the backyard BBQ’s may have been sizzling all this July but Real Estate in this city has been about as dry as our weather. Let’s get the mixed (whuh? Huh? Mixed?) news out of [...]
June 2010 Vancouver Real Estate Stats Released
Monday, July 5th, 2010The June Stats are out! The June Stats are out! Snooze. Or not? While much was to be expected the numbers are surprising: – Greater Vancouver Benchmark dropped $10k – Vancouver West’s Detached Benchmark lead the drop by about $90k (and that’s just one month!) which represents over 5% of May’s values. – Prices down [...]
May 2010 Vancouver Real Estate Stats Released
Friday, June 4th, 2010I said back in the April release that “You may never see such numbers for a very long time” and that assessment appears to be on hold thus far. The latest official release from the board shows that the market has cooled for buyers but it may also show that the market has cooled for [...]
April 2010 Vancouver Real Estate Stats Released
Tuesday, May 4th, 2010***Note this post has been updated to reflect a better understanding of the rules changes and to reflect the current rates today*** The April Stats from the Real Estate Board of Greater Vancouver are out and tell me if this is getting repetitive. The past is the past and this is a whole new game… [...]
March 2010 Vancouver Real Estate Stats Released
Tuesday, April 6th, 2010The March Stats are out and they show what has got to be one of the most cautious releases I’ve ever seen by the board. They talk of increasing inventory (we knew that) and seemingly brush aside the increasing prices and increased sales. That’s what I find the most interesting; the focus. You see, yes, [...]
February 2010 Vancouver Real Estate Stats Released
Tuesday, March 2nd, 2010And they don’t mean very much. Sure, the numbers were terrific in every way that could be hoped for. Sales up from the abysmal 2009 Feb and even up from 2008. Listings down from the abysmal 2009 as well. Prices? Set a new high. And all the while a good two weeks we were distracted [...]
January 2010 Vancouver Real Estate Stats Released
Tuesday, February 2nd, 2010New highs and some incredible numbers highlight the first month’s statistics. We are now in record price territory with a 0.8% increase over the previous highs set in May 2008. In the past year, Vancouver West benchmark prices have soared an astonishing 38%! Clearly this has been driven by historically low interest rates, incredibly low [...]
Bears Prematurely come out of Hibernation
Monday, January 18th, 2010Welcome regular readers and new readers. Not to single any particular group out but welcome to those who have come here from Garth Turner’s “GreaterFool.ca“, CanadaBubble.com, and other sites. Traffic to site has spiked up from two camps. Those who are looking to buy right away and those who really, really, would like to buy [...]
December 2009 Vancouver Real Estate Stats Released
Tuesday, January 5th, 2010Record Lows to (near) Record Highs Underscore a Year of Insanity That’s the title I’d have given it. We literally went from “The End is Nigh” to near daily reports of bubble fears in the mainstream media. How is that even possible? really. Think about it. Could we have had a more bipolar year in [...]
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