Housing Market News

Here’s why the appeal may not be worth the risk. Let’s look at a domino effect overpricing may result in: Burning your listing-Today’s buyers are savvy and well informed about the market trends. An overpriced listing will be compared to other homes that are truly in that the price range. If your home doesn’t stack […]

Our exclusive monthly analysis is the most comprehensive report of its kind. Featuring statistical analysis and thoughtful insight for 3 property types (Single Family Detached, Townhouses and Condos) across all Vancouver, North Vancouver, Richmond, Burnaby & New West, Tri-Cities and South Surrey & White Rock MLS® areas, it is a must-read for anyone considering buying […]

Original Document: https://www2.gov.bc.ca/assets/gov/taxes/property-taxes/publications/is-2018-001-speculation-tax.pdf Urban centres throughout the province are in a housing crisis. Rents and home prices have surged past local incomes and, in many communities, vacancy rates sit close to 0%. Speculation has contributed to runaway prices and made it difficult for British Columbians to find a home they can afford. This is hurting people, businesses and communities. The […]

Our exclusive monthly analysis is the most comprehensive report of its kind. Featuring statistical analysis and thoughtful insight for 3 property types (Single Family Detached, Townhouses and Condos) across all Vancouver, North Vancouver, Richmond, Burnaby & New West, Tri-Cities and South Surrey & White Rock MLS® areas, it is a must-read for anyone considering buying […]

The world’s largest money manager is revising its expectations for the Bank of Canada’s policy tightening path. BlackRock Inc. no longer sees the BOC raising interest rates at the conclusion of its July 11 meeting, after Governor Stephen Poloz struck a dovish tone during Wednesday’s highly anticipated speech. The shift echoes a similar change in […]

Faith Wilson Group 4th Quarter 2017 Westside Property Insights Detached houses KEY INSIGHTS More than 1,000 detached houses sold on the Westside in 2017 at a benchmark price of around $3.5 million. Anywhere else in the world, such a multi-billion dollar performance in a relatively small area would be considered outstanding, perhaps historical. But this […]

Faith Wilson Group’s City of Surrey & Delta November 2017 Key Insights Detached houses KEY INSIGHTS While the strata sector is drawing most of the attention in Metro Vancouver, Surrey-Delta detached house sales are quietly leading the entire Metro market. In November 353 houses sold in Surrey-Delta. This is more than all the detached house […]

Faith’s November Insights for North Vancouver Detached houses KEY INSIGHTS Watch Canyon Heights and Upper Capilano detached house prices. The District is moving forward on zoning that will allow 130 lots in the area to be split into 197 lots. The zoning goes to a public hearing in January, but seems to have the necessary […]

Faith’s November 2017 Tri-Cities Housing Marketing Breakdown Townhouses KEY INSIGHTS The Tri-Cities townhouse market was extremely active in November, with sales up 35.3% from November 2016, the typical new listing selling within 12 days and prices rising from October in most neighbourhoods. Buyers may be really onto something because, based on recent Tri-City land sales […]

Faith Wilson Group November 2017 Burnaby-New West Property Insights Townhouses KEY INSIGHTS Burnaby and New Westminster flow from the Burrard Inlet to the Fraser River. And in that entire expanse there were only 68 new listings for townhouses in November, the lowest level since January. Likely due to the low inventory, townhouse sales were down […]