Are home prices dropping across the Vancouver region doing the pandemic?
Posted on May 27, 2020
A question almost faced daily by Realtors these days during these unique times.
The answer and an important part to understanding whether it's potentially a good time to buy or sell a home comes down to basic economics - current home supply vs demand.
Since mid March and the beginning of the pandemic, home sales have plummeted in most regions as peo...
You.. yes you .. can easily re-grow vegetables at home and here's how
Posted on May 11, 2020
As we all know in these times of the pandemic the risks of going to the grocery store are real and we don't want to expose ourselves, our families, and the essential workers that work there un-needlessly. A solution is to grow (actually re-grow) some of the everyday most common vegetables and herbs we tend to buy at home. Sounds difficult? It's act...
Vancouver West home sales had started year promisingly
Posted on May 11, 2020
After seeing home sales on Vancouver's Westside begin a recovery during 2019 the graph below illustrates the impact COVID 19 has had on area sales on all property types since the pandemic began.
The regulations introduced by federal and provincials governments to curb the market in 2018 had resulted in a dramatic downturn in sales and a prolonged pe...
Burnaby Mountain see's 80% drop in home sales in April as pandemic continues
Posted on May 06, 2020
In April Burnaby Mountain SFU condo and townhouse sales activity nearly came to a standstill as the COVID 19 pandemic and lockdown continued. Prior to the pandemic local conditions had favoured Seller’s and sharply priced homes were selling in competition and over asking price. April’s 80% reduction in sales activity and 20% increase in home invent...
Kitsilano real estate market retains demand amid pandemic April sales slow down
Posted on May 04, 2020
As the COVID 19 pandemic continues real estate sales across Metro Vancouver have decreased to levels not seen since 1982. Sales for April decreased by 58%, inventory rose by 2%, and sale prices declined by 7% when compared to March. Despite these conditions some parts of the market have seen pockets of demand and Kitsilano is one of those areas.
How...
How...
Downtown condo prices resilient in April as sales drop by 56% compared to March
Posted on May 04, 2020
Vancouver’s downtown condo and townhouse real estate market in April saw sales plummet as people continue to social distance due to the COVID 19 crisis. In April the inventory downtown decreased by 6%, sales decreased by 56%, and sale prices dropped minimally by 1% when compared to March.
Current trends have the downtown, West End, and Yaletown neig...
Current trends have the downtown, West End, and Yaletown neig...