Real Estate Talks

"August Sees Fewest Vancouver Detached Home Sales in 27 Years


….For illustrative purposes, here’s the 3 month rolling average, which shows detached prices in Vancouver peaked in April 2016 and have since declined 18%"

http://vancitycondoguide.com/august-few ... ome-sales/

More demand for detached. Then, more supply...

"Vancouver plan to mass rezone 67,000 single-family lots for duplexes up for public hearing"

https://www.straight.com/news/1120651/v ... ic-hearing

Flash - SFH down double digit YoY

"Point Grey single-family home prices fall 12.8 percent in a year; Dunbar detached homes down 14.1 percent"

https://www.straight.com/news/1117541/p ... homes-down

FYI " 2018 Japan heat wave... On 15 July, 200 out of 927 stations in the nationwide observation network recorded maximum temperatures exceeding 35 °C (95.0 °F).[2] On 23 July, a high temperature of 41.1 °C (106.0 °F) was observed in Kumagaya, 65 km (40 mi) northwest of Tokyo. This constitutes an all...

The blow back against foreign buyers continues...

"Chinese developer offers Vancouver buyers first crack at new downtown condo tower"

https://www.straight.com/news/1108121/c ... ondo-tower

"Are Vancouver's sky-high rents finally falling? Data analyst Louie Dinh's latest report might be good news for renters ... In fact, his latest analysis of thousands of listings shows:  One-bedroom units have dropped 2.7 per cent since last month. Two-bedroom units have dropped 3.2 per cent. Three-b...

IT HAS FINALLY HAPPENED... "Greater Vancouver Condo Market Has Finally Shifted... Condo inventory has climbed higher each month following a ten year low registered in December 2017. While the recent uptick is part of a seasonal trend, the year over year increases have been far from normal. Condo inv...

Steve is working hard...  "Canada’s Real Estate Sector Faces Difficult Transition" http://vancitycondoguide.com/canada-real-estate-sector-transition/ "Vancouver Detached Sales Drop 39% In May" http://vancitycondoguide.com/vancouver-detached-sales-may/ "Canada & China to Share Tax Information Startin...

The governments are trying to reduce speculation... "Broadway subway may significantly alter Vancouver's urban fabric ... A policy report is expected to be released sometime in June with details about how speculation will be curbed on West Broadway. The goal is “to preserve affordable and rental hou...

Bad news for cheaters.... "Vancouver issues over 900 licences to homeowners and tenants running Airbnb short-term rentals ... The city also announced in the news release that it is “actively investigating over 1,500 listings which appear to be illegal”. “These include commercial operations and illeg...

This is just in ...


""Surrey hatching plan to buy out 400 Crescent Beach homes as sea levels rise

As climate change progresses, Crescent Beach 'would turn into a wetland,' engineer says"

http://www.cbc.ca/news/canada/british-c ... -1.4675432

"Vancouver Pre Sale Condo Market Cools In April ... Vancouver lawyer Richard Bell, executive vice-chair and founder of Avesdo Inc., told a real estate seminar May 8 that the Vancouver new home market has seen an “incredible run over the past 10 to 15 years.” But, he added, “We all knew it would come...

Finally, condoland's turn for a cold shower...

" Vancouver Condo Market Goes Flat in April"

http://vancitycondoguide.com/vancouver- ... -in-april/

Prime selling season it is not. 

It is what it is... "Vancouver Luxury Property Is North America’s Worst Performer ... Prices at the top end of the market plunged 7.6 percent in the six months to March, making it the world’s second-worst performer during that period, according to the latest global survey of prime properties by Knig...

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