When we talk real estate, we need to consider the demographic context (Baby-boomers). By way of evidence, just think of how the baby-boom bulge has had a major effect on property values over the last 60 or so years. So what trends should we be aware of now? Brand new data from Census Canada can […]
Read MoreArchives for 2017
The Housing Market Over the Past Year…
As many industry professionals predicted last year, the residential housing market across Greater Vancouver has pretty much resumed its normal activity levels. And prices certainly have not collapsed in spite of predictions! The dip in activity we saw starting last summer was the result of several coincident events: The natural slowing of an overheated market […]
Read MoreThe Townhouse and Apartment Market Explosion
A lot of people have realized this can be a great time to buy or sell an apartment or townhouse. Like the cherry trees, the spring real estate market is blossoming. The number of sales and new listings is rising sharply from the winter doldrums, as happens every year. However, in spite of the activity, […]
Read MoreBuilding Permits Are Up
Across the country, the value of building permits issued rose by 5.4% to $7.6 Billion in January. Six provinces, including BC, posted increases. According to figures reported in early March by StatsCanada, builders, developers and real estate investors seem to have confidence in the residential real estate markets in Canada. January’s numbers for single family […]
Read MoreHere Come The Millennials!
Millennials are those born between 1981 and 2001 and the report looks ahead to 2036, when the average Millennial will be in his or her 40s. A recent CMHC report forecasts the impact the Millennial generation will have on housing in Canada. By 2036, slightly over 1/3 of all Canadian households will be Millennials; that […]
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