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jimtan
Real Estate Talker
Topic Author
Posts: 5439
Joined: Tue Jul 31, 2007 10:59 pm

Is the boom over?

Mon Dec 04, 2017 8:38 pm

Steve has done his analysis...

"Total Dollars Spent on Vancouver Real Estate Drops 15% This Year"

http://vancitycondoguide.com/dollars-sp ... al-estate/


An important indicator is the lack of momentum in detached housing in land scarce Vancouver. See the attached chart. Dollar sales volume is back to 2014 level where the last big push started.
Attachments
Van detached sales volume.JPG
Van detached sales volume.JPG (30.18 KiB) Viewed 174 times
 
jimtan
Real Estate Talker
Topic Author
Posts: 5439
Joined: Tue Jul 31, 2007 10:59 pm

Re: Is the boom over?

Fri Dec 08, 2017 8:50 am

Looks like the market is stabilizing. Still, the anti-bubble measures have yet to take effect. This would be serious...

"Mortgage Stress Test Could Eliminate 12% of Vancouver Buyers"

http://vancitycondoguide.com/boc-financial-review/

"New mortgage stress test rules will block 50,000 people from buying: mortgage group"

http://www.cbc.ca/news/business/mortgag ... -1.4433319

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