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March 2020 Real Estate Statistics for Downtown Vancouver

April 3rd, 2020

Home sales in Metro Vancouver were steady at the beginning of March but dropped off in the last couple of weeks amid COVID-19 pandemic fears, according to the Real Estate Board of Greater Vancouver.

This drop in activity will continue for a long while as buyers do not wish to be exposed to the virus and sellers who want to sell, and are financially sound, are waiting for life to return t ...

January 2020 Real Estate Statistics for Downtown Vancouver

February 6th, 2020

January home sales were up more than 42 per cent year-over-year in Metro Vancouver, but prices were still lower than they were a year ago, according to the Real Estate Board of Greater Vancouver.

Despite a boost in sales and tightening in supply, prices remained lower than at this point last year, though showed signs of growth over the last several months.

The benchmark price for a ...

www.oyum.ca is Ian Watt's new Foreclosure Real Estate List for Vancouver

April 4th, 2019

www.oyum.ca is Ian Watt's new Foreclosure Real Estate List for Vancouver

oYum.ca Foreclosures and Court Ordered Sales

Although there are deals to be had, buying a foreclosure or court ordered sale in British Columbia is not like what you see in the United States. You may see up to 20% off the market value, but most often the courts ensure that any foreclosures or court ordered sales sell fo ...

December 2018 Statistics for Downtown Vancouver Condos

January 3rd, 2019

Happy New Year !!!!

I hope you are having a great start to the year. As mentioned last month we are officially in a balanced market in Downtown Vancouver ( in a balanced market the sales-to-active listings ratio is between 12% and 20% meaning 1.2 to 2 homes out of 10 are selling ). The current ratio is at 13% and is slowly moving towards a Buyer’s Market but we have a long way to go befo ...

November 2018 Statistics for Downtown Vancouver Condos

December 4th, 2018

November 2018 Statistics for Downtown Vancouver Condos 

As the market changes, corrects and heads back to the first normalized market we have seen in over 5 years, we need to get one thing clear in all of our heads - this is not a bad market - this is the new normal. 

We are officially in a balanced market in Downtown Vancouver. Just to be clear, in a balanced market the sales-to-active l ...

Why leaving Sothebys Realty In Vancouver Wont Change My Business

December 3rd, 2018

How Vancouver Real Estate Has Changed in the Past 20 Years

I gave my notice to Sotheby's International Realty Canada in November 2018 to return to Sutton Group West Coast. Sotheby’s was a wonderful place to hang my license and I will always regard Sotheby's as one of the greatest brands in the world, but the world of real estate has changed significantly in the past 10 years and it was time ...

How Vancouver Real Estate Has Changed in the Past 20 Years

December 2nd, 2018

How Vancouver Real Estate Has Changed in the Past 20 Years


I gave my notice to Sotheby's International Realty Canada in November 2018 to return to Sutton Group West Coast. Sotheby’s was a wonderful place to hang my license and I will always regard Sotheby's as one of the greatest brands in the world, but the world of real estate has changed significantly in the past 10 years and it was t ...

October 2018 Statistics for Downtown Vancouver Condos

November 2nd, 2018

As predicted, October has brought a lot of changes to our real estate market.  

Focusing on the Downtown Vancouver market, the median price decreased 11% from September 2018 and 21% from the peak of the market in January 2018. The dollar per square foot also decreased from $1,043 to $979 which is a 6% drop.

There were 143 sales (6 per day) in Downtown Vancouver in October which was up ...

September 2018 Statistics for Downtown Vancouver Condos

October 28th, 2018

Focusing on the Downtown Vancouver market, the median price actually went up 6% due to two significant sales over $5 million dollars. However, don’t be mislead or believe the market is getting stronger. Two very important indicators of a healthy real estate market are the number of transactions and whether inventory is increasing or decreasing. 

There were 126 sales in Downtown Vancouver ...

August 2018 Statistics for Downtown Vancouver Condos

October 28th, 2018

August 2018 Statistics for Downtown Vancouver Condos 

Condos in Downtown Vancouver are down 16.42% from the peak in January but what’s more of indicator of the market is the activity which is down 39.68% from a year ago. Although inventory is slightly down from last month, we will most likely see spike in inventory for the September October months. There were only 10 sales of condos ov ...

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