The Vancouver Life Real Estate Podcast

Average home prices in Vancouver have gone up $100,000 in the first 6 weeks of 2022.  Yes, you read that correctly.    Prices, already detached from reality, have now entered a new level of insanity - as they are rising at the rate of $2,000 per day this year.    Last month, Toronto saw the average home price increase by 6.9%  IN ONE MONTH.    In this episode we share some stories and insights int...

Attention Investors!  This one is for you.    Keaton Bessey from Greater Vancouver Tenant & Property Management Ltd. joins us to talk everything about Rental Properties in the Vancouver area.    From what is happening with rental rates to how to properly screen tenants in order to find the best ones.    When is it a good idea to work with a property manager, and when is it not?  What are the p...

January 2022 started off with every real estate metric pinned to the top.  Average home prices increased by $42,000 last month hitting a new All Time High.  Incredibly tight inventory coupled with an abundance of active buyers saw multiple offer scenarios the norm and overall, January felt much more like a peak spring March / April market.    We dive deep into the stats and explore why the market...

Pre Sale properties can be a fantastic option for both home owners and investors.   But how do you get the Best unit?  And for the best price?   And which areas are going to perform the best?    In this episode we interview  Scully, the Sales Director at Key Marketing.  Scully is an absolute legend in the Pre Sale world here in Vancouver, and he walks through how to navigate this market, how to po...

REW.ca is the leading search portal for Real Estate in Canada.    In this episode Simon Bray, President of REW.ca walks us through the exciting new features their site offers to both home buyers and Realtors.    We talk about the record setting year that was 2021, and what he forecasts for the market in 2022.  Understandably, REW.ca has immensely powerful insights as they essentially have a crysta...

Pre Sale properties can be a great opportunity to own real estate for both investors and end users alike.   Where the biggest benefit can be is in getting First Access to the most desirable units.  The Vancouver Life Real Estate Group is excited to announce our partnership with Key Marketing - a Pre Sale Marketing firm in Vancouver.   Key Marketing will be releasing upwards of 20 pre sale projects...

Vancouver Real Estate ended the year on a high note setting a new all-time high price record alongside record setting sales volumes. In a year that saw the average home increase in value by 17%, or $170,000, it's no surprise the cries to slow housing down are getting louder. A CMHC funded report suggests, amongst other ideas, to tax homeowners - upwards of 1% per year.  This additional cost s...

2022 looks to be another very interesting year for the Vancouver Real Estate market.   Coming off of a year where practically every record was broken, Ryan and Dan set up this episode by sharing what the main drivers and economic forces are that will influence the market the greatest.   Should we expect to see further financial stimulus from the government, will we hit immigration targets, how hig...

On January 2nd, 2021 we released our predictions for the 2021 Real Estate market in Vancouver.  In this episode, almost 1 year later,  we look back at which predictions we got right, some scarily so, and which ones we got wrong - and why.   This was a really fun exercise and one where we outline how certain areas of the market are quite predicable, even in a mostly unpredictable environment, by an...

From all-time-high prices, sales volumes, savings rate and credit growth, Vancouver, and Canadian Real Estate saw practically ever record broken in 2021.   Canadians are still flush with money and have more savings than ever - and with the policy makers flat out refusing to raise interest rates, add significant supply or even suppress the demand, housing prices are still trending upwards at an abo...

2021 has been one of the most fascinating on record when it comes to the Real Estate Market.   Prices are at all-time highs, sales volumes has already broken all time records, new mortgages are being issued at highest rate ever and it just seems to go on and on.  Any record you can think of was broken this year.     So where does that mean things are going to go?  In this episode, Ryan Dash and Da...

Vancouver homes hit a new all-time-high average price record in November, crossing the $1,200,000 mark for the first time.   This was largely driven by the heavily-favoured sellers market thanks to record low inventory and highly elevated sales volumes.    Dan and Ryan dig into the November numbers and break down what's most important to pay attention to, and what to expect in the upcoming mo...

Canada just set a new All-Time-High sales volume record amount, and there's still a full month of sales to go.   During this same time home prices have increased by 24% including the 2.7% gain last month alone.  This demonstrates how extreme the last year has been but now we are seeing indicators that we are near the end of this tremendous bull run.   All real estate goes through a cycle and...

Inflation just hit an 18 year high at 4.7%, a number widely believed to be largely underreported, or at least misrepresented.   Even at that amount, holding cash all but guarantees that you are losing money - by way of currency deflation.  In this episode Dan and Ryan discuss what inflation is, why it matters, and where they are seeing the smart money going to benefit from this environment.  _____...

Toronto sales volume jumped 9.9% last month eating into already low inventory.  So much so that active listings hit a brand new record low at only 0.8 months of inventory!  Compare that to Vancouvers 2.2 months and you can imagine how extreme the situation is.   No wonder prices rose 4.3% in Toronto last month alone.     In this episode, we look deeper into what is happening in the Toronto housing...

The average price of a home jumped $50,000 in October, hitting a new all-time-high of $1,226,000.  This happened in a month where sales jumped 11% and  inventory dropped a whopping 13% hitting a record low for the month.   These metrics pushed the Sales to Active listings ratio up to 45%, deep in a Sellers market.  In this episode we examine all 3 price metrics and explain what is driving this con...

Inflation is running at an 18 year high there is going to be some inevitable changes to the real estate market.  Firstly, increased fixed rates are going to push buyers to the variable option, and begin to suppress buying power.   Secondly as the overall cost of living increases, we're going to see less funds available for home purchases.    This is already being seen in the consumer confiden...

Leasehold properties can seem enticing based on their lower price point - and in some cases this is a great option for home buyers or investors.  But there is a lot know about this type of property including who owns the lease, the amount of years remaining on it, the type of lease, the size of down payment required and what happens when the lease expires.   In this episode we explain each of thes...

With inflation well above the 2% target, and major lenders raising their fixed interest rates, the question becomes, does this mean the good times are coming to an end?  And by good time, we refer to the homeowners who have seen in excess of 30% annualized returns on their homes over the last 18 months.   The heightened rate of appreciation is unsustainable and had to end at some point - but what...

All 3 price metrics shot up in September and the HPI hit a brand new all time high. New listings dropped resulting in a further squeeze on already tight inventory levels.  Homes remain well into a Sellers Market and the data all points to price increases continuing through the remainder of 2021.  We dive into these stats and share charts, and our thoughts on where things are headed.   ____________...

Every major metric is pointing to home prices continuing to increase in price for the rest of 2021.   From the most straightforward, supply continues to dwindle and is at record lows across the country.  Meanwhile, new mortgages are being issued at a rate DOUBLE the previous record.    That alone is recipe for price increases - but we dig deeper into the immigration numbers, lack of new homes unde...

The Liberal Government has retained their position of power and for those who voted for them, part of their decision was based on their housing promises.   In this episode we dig into the most impactful promises and the budget attached to each one.  From there we explore how likely these are to actual come to fruition and what housing may look like if they do.   _________________________________ ...

The amount of homes available for sale in BC has just hit a record low - 20,000.   Consider that just 12 years ago, in 2009, that number was 60,000 - and since then the population has grown by more than 700,000 people.  The average price of a home in BC increased by over 17% in the last 12 months and is up 80% in the last 10 years.   Credit remains at near record lows and mortgage applications are...

Rew.ca is Canada's leading Real Estate search portal and the place that millions of people start their home search.  Understandably there is an immense amount of data obtained through the site and in this episode we speak with the president, Simon Bray, to learn his journey into real estate and how Rew.ca is evolving based on home buyers behaviours.   We discuss where the gaps are in the real...

Although Dan and Ryan typically focus on the Vancouver market as a whole, this weeks bonus episode explores the Macro Real Estate trends that taking place across the country. We explore the promises made by the respective political parties and whether their pledges line up with the reality we are facing as a nation. No doubt, there’s a systemic housing supply issue facing Canadians today - tune in...