Comments on: Vancouver Real Estate Now Balanced, Price Methodology Change Makes It Tricky To See

By: Ryan Monsurate

Ryan Monsurate — Sat, 04 Jun 2022 02:48:32 +0000

Obviously moving from a monthly figure to a moving average is going to reduce the reported rate of change. So this 0.3% drop is an understatement. Shenanigans…

By: Ron Bruce

Ron Bruce — Fri, 03 Jun 2022 15:05:09 +0000

“Greater Vancouver Real Estate Is In A Balanced Market Again” Whatever the story is, Realtors, homeowners, developers and investors (offshore and onshore) won’t believe that prices are back to normal. And for those who are still in the developing stage, the story remains the same as they rush to protect their investment.

A current renter may see a yearly cap of 1.5%, but new renters will see prices that reflect whatever the market will bear. Hence, the property owner’s story won’t ever change. Getting rid of current renters is incentivised by knowing that exiting renters will give property owners a licence to charge whatever the market will bear. Relative to wages in the private sector (majority of workers) dwellings will never see a balance – renters in the majority of cities are 50% or more of the residents.

By: Canadian Lynx

Canadian Lynx — Fri, 03 Jun 2022 00:23:32 +0000

Sellers have the FOMO now.

By: Ethan Wu

Ethan Wu — Thu, 02 Jun 2022 23:25:31 +0000

Everything but condos is cratering because people with the least amount of money always FOMO the longest.

By: Dave H

Dave H — Thu, 02 Jun 2022 23:24:16 +0000

Why can’t you just tell us if this is greasy or not? Haha.

But seriously, if your impression is home prices increased 18% and not the new change is 14% it’s hard to determine if that makes any sense.