August 2018

Climate change will have a huge impact on Greater Vancouver real estate 

Posted on Aug 28, 2018

Climate experts have warned for some time that flooding caused by rising sea levels could wreak havoc with local economies, but new research suggests this is already happening — and in Canada, it's homeowners in Greater Vancouver who stand to lose the most.

According to new research from the First Street Foundation, a U.S.-based non-profit that stud...

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Kitsilano condo market resilient while single family home weakens further in July

Posted on Aug 12, 2018

Kitsilano’s condo and townhouse real estate market led the Westside in sales with 40 sales in the month of July. The Fairview neighbourhood was also very active with buyers facing competition for lower priced homes. 

Here’s the breakdown for condo’s & town homes on Vancouver’s Westside in July:

Overall a Sellers market at 28% list to sales ratio...

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New West condo's under $400k in great demand as the rest of the market slows

Posted on Aug 12, 2018

New Westminster’s condo and townhouse real estate market is showing signs of a slowdown similar to other regions. Home inventory increased for the 7th month straight in July, prices have flattened, and sales have dipped.  Buyer’s are able to take more time in their home search while Seller’s need to price more sharply to attract attention. The great...

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Burnaby Mountain condo market amongst Burnaby's strongest

Posted on Aug 12, 2018

The Burnaby mountain SFU condo and townhouse real estate market remained one of Burnaby’s strongest housing markets in July in a time of overall cooling. 

How do we know? List to Sales Ratio 

  • A buyer’s market has a 0-12% list to sales ratio
  • A balanced market has a 12-20% list to sales ratio
  • A seller’s market has a 21% or greater list to sales ratio


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Westend one bedroom condos in the most demand 

Posted on Aug 11, 2018

Vancouver’s downtown condo and townhouse real estate market in July saw inventory and total sales start to flatten, while prices dipped in some ranges. Despite this trend the Downtown & Westend neighbourhoods remain in a Seller’s market. Yaletown and Coal Harbour are currently in more balanced market conditions.

The overall list to sales ratio for d...

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