Market Minute

Market Minute - January 2019

Posted on Jan 09, 2019 in Market Minute

Twenty-eighteen saw tighter mortgage qualification rules, higher mortgage rates, and a foreign buyers’ tax that DOESN’T apply to the Sunshine Coast. What’s can we expect for 2019?

Predictions vary from a flat Vancouver market for the rest of the year to prices continuing to fall for the foreseeable future. As the Sunshine Coast is impacted by the Va...

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Market Minute - December 2018

Posted on Dec 02, 2018 in Market Minute

December sees an excess of inventory along BC’s Sunshine Coast which in turn means lower prices. If you’re wanting to sell, consider waiting until the second quarter of 2019 before listing your home. The spring real estate market is traditionally the busiest time of year and waiting could mean more money in your pocket.

Demand for real estate typica...

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Market Minute - NOvember 2018

Posted on Oct 30, 2018 in Market Minute

Back in March, we talked about BC’s proposed Speculation Tax. Last month that legislation was brought forward, giving us our first look at how and where the tax will be implemented.

According to the CBC, the new tax will apply to all properties in Metro Vancouver and the Capital Regional District, as well as Abbotsford, Mission, Chilliwack, Kelowna...

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Market Minute - October 2018

Posted on Oct 04, 2018 in Market Minute

A focus on squeezing out the last few drops of summer while getting kids ready for school meant that buying or selling a home wasn’t a top priority in September.

Families are returning to their routines and as such, I anticipate that October will be slightly busier than last month. I see two positives as we move further into fall.

One, Vancouverites...

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Market Minute - September 2018

Posted on Sep 06, 2018 in Market Minute

Buyers across the Lower Mainland are taking a “wait-and-see” approach, opting to sit on the sidelines as prices throughout most local regions are either falling or flattening.

This is also true on the Sunshine Coast. Despite having the lowest benchmark price in the Lower Mainland, buyers are no longer rushing to the Coast to buy a comparatively aff...

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Market Minute - August 2018

Posted on Aug 09, 2018 in Market Minute

The market typically cools during the summer and this July was no exception. In its most recent news release, the Real Estate Board of Greater Vancouver said that last month’s sales were 29 per cent below the 10-year July average.

Summer means kids are out of school and adults take time off. The pace of life slows and buying a home is less of a prio...

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