Monthly Market Update Blog

  • March 2017 Market Update

    March 2017 Market Update

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    A Spring Market Starts 2017’s Rally 2017 continues to surprise, with values of all types of housing moving upwards in March.  Houses are up 1% from last month, condos 2.1% up and town-homes up 1.4%.  The primary culprit remains low inventory, with the lowest number of new listings in March since 2009.  2016 was such […]Read More »
  • February 2017 Market Update

    February 2017 Market Update

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    A Mixed Start To The Year Many predicted a precipitous decline in prices with all the government intervention in the last 6 months. While sales activity has shot dramatically down (a whopping 41% drop in the last 6 months), interestingly prices have been slower to move (2.6% drop for the home price index or ‘HPI’, […]Read More »
  • 2016 Year End Market Update

    2016 Year End Market Update

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    2016: A Whole Lot Of Ups and Downs.. What a roller coaster ride it has been! While the first half of the year continued the meteoric rise of values in homes, strong government intervention starting in August signaled the slow transition to a more ‘balanced market’. Still, with our team’s 6 sales in November, our […]Read More »
  • October 2016 Market Report

    October 2016 Market Report

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    October Market Not As Bad As Media Reports While CBC is busy telling us that the market is down 39% in October (I will look further into how they cherry picked numbers for click-bait at the bottom of this report), the market is actually down 0.9% in sales volume compared to September, and down 0.8% in […]Read More »
  • September 2016 Market Report

    September 2016 Market Report

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    Market Continuing to Slow, Mortgage Changes To Have Big Effect   With changes to foreign ownership and now tougher mortgage rules coming from different levels of the government it is clear they want to actively cool our market.  To put it plainly our market has been put on notice, and if you want to realize […]Read More »
  • August 2016 Market Update

    August 2016 Market Update

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    Big Drops More a Return to Normal, Not Cause For Concern Yet.. So the August numbers are in and there is plenty for the media to run with, if they want to claim the market is doomed.  The 26% drop in sales for August 2016 when compared to August 2015 is large, but the total amount of sales for the month […]Read More »