MARKET NEWS

January Market Update

Posted on Feb 10, 2021




Without hesitation, the first month of 2021 saw a continued level of demand that has outpaced incoming supply.

During a historically slower month for sales, we've kicked off the year in an environment that is increasingly competitive.

Check out summary of January stats below!


- 36.4% increase in sales (2,389) compared to the 10-year January sales aver...

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December Market Update

Posted on Jan 14, 2021



Strong activity in December rounded out 2020 to be in line with annual sales averages, after a complete stand still at the beginning of the pandemic. Home sales totalled 30,944 in 2020, which is a 22.1% increase from the 25,351 sales we saw in 2019. 

Looking into 2021, the Bank of Canada has forecasted no immediate increase to the overnight rate, le...

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Format by Cressey

Posted on Dec 14, 2020



On Kingsway at Dumfries St in the growing village of Cedar Cottage, you'll find the Format by Cressey site. With a quick start on construction, Format's completion is expected as soon as early 2022. 


During a visit to the Presentation Centre today, I was taken for an in-depth walkthrough of Cressey's plan for the upcoming collection of 1 & 2 -bedroom...

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November Market Update

Posted on Dec 07, 2020



November home sales continue to outshine historical averages, with last month bringing in over 3,000 sales for the first time since 2015. We're continuing to see homes often selling within 1 week of list, regularly in multiple offers. Most popular right now continues to be the townhome and detached market, with keen focus towards having more space...

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Habitat: 70 New condos coming to Mount Pleasant

Posted on Nov 28, 2020



Today I took the opportunity to visit Habitat, a new 4 story condo building at Guelph & E Broadway (2520 Guelph St), built by a partnership of Porte Communities, Fabric & Houston. The new community will include 70 one, two and three bedroom condos & 9 retail shops. This looks to be a well fit addition to the neighbourhood, with great variety in hom...

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Kingsgate Mall redevelopment

Posted on Nov 22, 2020




The potential exists, redevelopment of Kingsgate Mall is likely but the timeline is unknown. Redevelopment hinges on multiple factors including the formalization of the Broadway Plan to determine the extent of what can be built, and a unified decision from the land owners, Vancouver School Board, as to what type of sale or partnership they'd like t...

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