Facts about real estate market conditions
Posted on Dec 17, 2021 in Real estate market
At a time when it’s impossible to predict much of anything, attempts to forecast what’s ahead in the real estate market are more difficult than ever. Attempts to explain what’s been happening to the housing market during the pandemic are more logical, but only because they are based on what has already happened.
They are based on facts.
Fact: More ho...
Facts used to determine real estate market theories
Posted on Nov 15, 2021 in Real estate market
There are many theories floating around in the media, be it social or conventional about what’s right and wrong with the current real estate market.
How about a few “facts?”
According to economist and real-estate analysts who track these things:
• The average price of a home in British Columbia is currently $913,471, or $226,821 above the national ave...
Looking into the future of working from home
Posted on Jun 23, 2021 in Real estate market
It’s a given that “working from home” because of the pandemic can have an impact on the real estate market and now that the return to normalcy is starting to happen, the question is: “How long will that continue?”
Two surveys might provide a little insight.
According to Statistics Canada, more than 80 per cent of the participants want to spend at lea...
Vancouver price increases behind Canada, U.S. overall
Posted on Mar 17, 2021 in Real estate market
According to a UBC associate professor and economics analyst, the housing market in Vancouver is growing more slowly than markets in most of Canada and the U.S.
In an interview with Business In Vancouver, Tom Davidoff says housing prices in the Lower Mainland are increasing because of “enhanced affordability” whereas that driver in the past was fore...
Market speculation rampant among experts
Posted on Mar 07, 2021 in Real estate market
Speculating what's going to happen with the real estate market is going to continue until...the end of time!
The latest collection of what some financial experts think was published in The Financial Post, and it prevews the possibilities as the market heads into spring, which is habitually a strong time of year for real-estate transactions.
Sometime...
Central 1 bullish about real estate in 2021
Posted on Jan 10, 2021 in Real estate market
In the current issue of News From Nexus — which you will find either in your e-mailbox or under “news” on this website's menu — you may recall what Central 1 had to say about the 2021 real estate market.
It bears repeating…and elaborating.
“Economic growth is forecast to pick up steam in the second quarter of 2021 onwards as the vaccine drives higher...