What will November real estate stats say?
Posted on Nov 17, 2020 in Real estate market
The next release of the real estate statics for Metro Vancouver — due the first week of December — is going to be even more interesting than usual. After watching home sales stabilize and then rise throughout the first nine months of COVID-19, the story might be a little different for November.
According to a story in the Financial Post this week, n...
Pent-up demand fuels market in London
Posted on Oct 29, 2020 in Real estate market
Everybody knows that “location” is king when it comes to real estate, but an interesting story on CBC this week illustrates how pent-up demand is affecting one Ontario city — London.
The housing market is so hot for homes selling at the $500,000 level that buyers are offering far over asking price and writing feel-good letters to the sellers in the...
Hong Kong: time for watching and waiting
Posted on Jul 08, 2020 in Real estate market
The latest news from Hong Kong is that there is another Great Wall in the making.
They’re calling it the Great Firewall.
It's an apparatus that limits online activity in China and, now, Hong Kong.
According to an article in The Guardian the law “gives authorities the power to demand individuals and service providers remove content, or access to conten...
What's being said about the real estate market
Posted on Jun 23, 2020 in Real estate market
Here’s a look at some of what’s being said about the housing market during these pandemic times…
The average house price in Vancouver has risen 2.92 per cent over a year ago.
Source: cbc.ca
May’s increase could mean a structural change to the market.
Source: financial post.com
Banks warn historic price declines coming.
Source: mortgagebrokernews.ca
As Nex...
More indications that ‘business is happening’
Posted on Apr 07, 2020 in Real estate market
As you will see in News From Nexus our April newsletter — business is still happening in real estate…even though it’s not “business as usual.” And if you haven’t seen the newsletter, you can sign up to receive it every month by entering your email address here.
The March statistics from the Real Estate Board of Greater Vancouver showed that business...
Interest rates, the stress test and market updates
Posted on Mar 17, 2020 in Real estate market
News item: Bank of Canada drops interest rate…again
For the second time in 10 days, the Bank of Canada cut its overnight rate by 50 basis points, to 0.75 per cent. The new rate went into effect this week as “a proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in o...