Demand continues to fall throughout the region as both the Fraser Valley and Greater Vancouver boards post sales to listing ratios falling under 20% (19.2% in Fraser Valley, 18.4% in Vancouver) for the first time since January (the ratios ranged between 30 and 40% between March and June). Townhomes have held the greatest demand, especially […]

Last month I alluded to my prediction that the benchmark value would start to decrease in most communities if demand continued to wane. Sure enough, demand did soften through the month of August in the Fraser Valley, and prices, whether measured by average, median or benchmark, have fallen – although the difference between these measures […]

There appeared to be tangible anxiety in the housing market as the September 6 announcement date crept closer. With inflation rising to 3.3% in July and continued housing price increases, it may have seemed that Canadians might be in store for another rate hike. However, with late summer indicators showing the Canadian economy slowing, the […]

The closest analogy I have to our housing situation in North America is that of the Titanic. Perhaps that sounds exaggerated. Yet a decades-long trend alongside the last year of spiking interest rates suggest that perhaps this analogy isn’t alarmist enough.    I regularly see rentals in my suburban hometown of Langley, British Columbia, some […]