Vancouver Real Estate News

Latest real estate news from Vancouver BC and Canada by Jay Banks and his Vancouver Homes team

Vancouver Real Estate: Sales Dropped and Prices Are Still Rising in March 2018

Brenda Kinnear “For they have sown the wind and they shall reap the whirlwind…” ― Hosea 8:7 Old Testament KJV. It appears that the well-being of residents of BC has been compromised by an economy built around organized crime and money laundering through casinos and real estate. Provincial finances and credit ratings have been buoyed up […]

Vancouver July 2017 Market Report: The Buyers are Shifting towards Condos

Last year in July the provincial government announced their foreign buyer tax. It was a mad scramble to close properties before the tax took effect which distorted the market at that moment. However, there was a slowdown in sales for several months afterwards while the market adjusted to the changes. The tax was eventually absorbed by the seller and the buyer of the higher end properties that attracted foreign investment. It did impact the number of detached sales.

Vancouver Real Estate Market Recovered in May 2017

It was once common to use the expression “as the world turns” to explain inexplicable actions. Today the wording has segued into “as the world spins”…off it’s axis. In some ways the old misogynist spirit is abroad in the land as either populist or progressive political theories move forward. It will be interesting to see […]