Real Estate Blog

Vancouver real estate prices continued to rise in September. Numbers from the Real Estate Board of Greater Vancouver (REBGV) show prices are still making huge annual gains. This was paired with higher inventory, and higher sales.

Prices Rise 10.92%

The price of a home in Vancouver climbed by almost every measure in September. According to REBGV, the benchmark price reached $1,037,300, up 0.74% from the month before. This represents a 10.92% increase from the same time last year. Average sale prices posted increases in all three housing segments as well.

Greater Vancouver Composite Benchmark Price
Month Benchmark Price
Jan 2005 382,500
Feb 2005 384,800
Mar 2005 387,100
Apr 2005
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Vancouver real estate is seeing the largest drop in new listings in the country. Numbers from the Canadian Real Estate Association (CREA) show the city’s decline is the highest ratio of any urban center. The drop is followed by a bigger drop in sales however. This is dragging the sales to new listings ratio closer to a balanced market.

New Listings Drop Over 14% In Vancouver

Vancouver is the urban centre with the highest drop in new listings. The region had 35,395 new listings year-to-date ending in July, a 14.1% decline compared to last year. This makes it the largest relative drop across Canada.

Canadian Residential New Listings Change (YTD)
Region Change
Vancouver -14.1
Fraser Valley -13.9
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Canadian real estate prices made the largest single-month decline in years. The Canadian Real Estate Association (CREA) numbers show that the price of homes are falling across the country. While it’s too early to call it a trend, it’s definitely something worth noting if you’re looking for a home, or you’re in the industry.

Composite Prices Drop 1.52% From Last Month

Prices showed the largest drop in over almost a decade. The July composite benchmark, which is the price of a “typical” home across the country, fell to $607,100. The $9,400 drop last month is a 1.52% decline, the largest single month decline since the 1.66% drop seen in December 2008. This brings prices back to April 2017 levels, which wasn’t all that long ago really. The more

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Vancouver’s detached real estate printed a second all-time for 2017. Numbers from the Real Estate Board of Greater Vancouver (REBGV) show that the typical detached home sold for 10s of thousands of dollars more in July 2017. This occurred despite sales dropping almost twice as fast as inventory.

Detached Prices Increased 2.16%

The price of a detached home in Vancouver moved higher, once again. The benchmark price, which is the price of a “typical” home is now at $1,612,400, a 1.54% increase from the month before. This jump makes up the majority of the annual increase, with prices up 2.16% from the same time last year. Detached home prices are now growing around the target rate of the Consumer Price Index (CPI). If this were a steady annual rate, it

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Toronto’s detached real estate is having another rough month. Numbers from the Toronto Real Estate Board (TREB) show that buyer indecision provided substantial downward pressure to the detached segment in July. Generally speaking, detached units across TREB saw lower prices, less sales, and more inventory.

Prices Declined Up To $205,000 From Last Month

Detached prices remain in positive territory, but are showing pretty large drops. The benchmark price, the price of a typical detached home, fell to $963,900 across TREB,  a 6.16% decline from the month before. Before you say crash, this price is still 14.93% higher than the same time last year. In the 416, the benchmark price for a detached fell to $1,146,100, a 4.9% decline from the month before.

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How many Chinese anti-money laundering experts does it take to cool a global real estate buying spree? Over 400,000 apparently. We knew the rise in foreign exchange reserves was going to be huge, since it followed The People’s Bank of China (PBoC) announcement that over 400,000 people have been trained to help stem the capital outflow. Although, no one expected it to be the largest increase in over 3 years. As we explained in January, this is going to have severe consequences for real estate markets around the world.

Capital Reserves Swell To 9 Month High

PBoC numbers show that foreign exchange reserves rose for another straight month. Total reserves now stand at US$3.08 trillion, a 0.8% increase from the month before. The increase is just north of

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Vancouver real estate is seeing inventory hit a high for the year. Numbers from the Real Estate Board of Greater Vancouver show that a decline in sales is causing listings to build at a rapid rate. Despite soaring inventory, prices still climbed more than the Vancouver median family income year-over-year.

Prices Increased 2.1%

The benchmark price of composite homes, your typical Vancouver home, made a pretty big move higher. The composite price is now $1,019,400, a 2.1% increase from the month before. This represents a 9.57% increase from the same month last year, which works out to $89,000. The market may be cooling, but if you’re the median family – your house still likely made more than you. This is the first time the composite price has hit over

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There’s nothing like Vancouver real estate anywhere else in the world. You might think your city has foreign buyers, but it’s nothing like Vancouver. It’s almost as if the world’s most powerful people had a meeting, and decided to create a currency out of the city’s homes. Filtering through quotes from these powerful people, that could be exactly what happened. To help you understand this, we’ve compiled a brief history of foreign buying in Vancouver real estate. You’re really going to want to read this.

The Handover Of Hong Kong

It wasn’t quite clear what would happen when the British handed Hong Kong over to China in 1997. So decades before, people began to get worried about what life would be like under Communist rule. From 1979 to 1980 over

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Recently we’ve doing quite a bit of work with a national House Price-To-Rent index, but wondered how that applied on a more local scale. Today we’re going to give you a peak of what that looks like when used to measure Vancouver’s condo market. Turns out when you run the numbers, Vancouver condos were trading more than 9% above value at the end of 2016.

House Price-To-Rent Index

Let’s walk through what is a House Price-To-Rent Index. The index measures the gap between buying and renting a home. The creators of the index crunch the numbers on carrying the average priced home. They then compare it to the annual cost of renting a similar segment of housing. This is one of the primary methods economists use to measure whether the value of homes are out

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We get a few dozen emails weekly asking where we think Canadian real estate prices are going to be in the next few years. We can’t see the future (yet), but we can help you understand some of the financial models used to hypothesize these things. Today we’ll use the Organisation for Economic Co-operation and Development (OECD) House Price-To-Rent Index, and a linear regression model. This method predicts Canadian real estate prices will fall 28% by 2020.

OECD House Price-To-Rent Index

The House Price-To-Rent Index is a measure that compares the cost of ownership to the price of renting. If your rental yield is high, why would you sell your property for a discount? Likewise, if you can rent a property much cheaper, why would you pay more to buy it?

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