The Vancouver Life Real Estate Podcast

August felt like a fairly dramatic slow down from the frenetic pace we’ve seen most of the year! Both Dan and Ryan explore the latest stats from the Real Estate Board OG Greater Vancouver to check in and see where the month landed compared to the month prior and compared to last August. The question on everyone’s mind is, was August actually “slow” or are we beginning to get back into the typical...

This week we return to talk about the looming Federal election as we dissect each parties housing platform and whether the promises made by the leaders of each respective party are what we collectively need to address extremely low levels of housing supply, increasing populations and increasing unaffordability. Are their promises feasible? Are they the right measures in today’s global economy and...

Vince Taylor, President of Pilothouse Project Marketing, joins us on this episode where he shares his wealth of Real Estate knowledge accumulated over 20+ years in the Industry.  We dive into housing affordability, why it takes developers so long to bring new products to market, his views on taxation and supply vs demand. Vince gives us an insight into where he sees the BC real estate market going...

Inventory in Metro Vancouver is hovering around the 10,000 mark - the same amount it was in August of 2005.   The difference is, there are over 500,000 more people living here since then.   Understandably that makes for a very tight market.   Inventory has been dropping for 6 straight years and there are less than HALF the homes available than there was in 2015.   We dive into what is causing this...

Both Median & Average homes prices in Vancouver are down over $60,000 in the last 3 months.   As we dig deep into the July Real Estate stats we uncover what is driving this downward pressure on prices, and give our predictions into how much longer the downward trend will go on.  Incredibly tight inventory coupled with extremely low new listings are creating a baseline effect and with new mortg...

July sales slowed to the lowest amount seen in 6 months, and are down 40% since March.  The bigger story is that new listings were the lowest for the month in 20 years, leaving total inventory down 19% from last year, and keeping real estate favouring sellers.  Canadian inventory is at a 20 year low and BC has less than half the homes available for sale than just 6 years ago. Mortgage credit is ra...

Recent population growth estimates target 1 Million additional people living in Metro Vancouver by 2050.   Is housing growth on target to match this?   What about rezoning and densifying targets?    Will building permits become quicker to obtain and what about access to credit?   We dive into all these questions and give our projections for housing over the next 29 years. _________________________...

Home prices are dropping noticeably in the first 2 weeks of July, especially in the detached segment of the market.   In this episode we dig into what is causing this drop and what you should be looking out for.   We take a look at the important data affecting home sales and future outlooks for real estate markets nationally plus a hyper focused look on what is happening locally.  ________________...

The June 2021 Vancouver Real Estate Market stats are out and the numbers are all quite flat, especially when it comes to prices.  BUT this is coming off of a 20 month bull run - making a flat price month very different than what we've seen in the recent past.   So does this softening set us up for a downward trend in summer?   Some of the data is already pointing that way.  In this episode we...

With the average Vancouver home increasing in value by over $150,000 in just the last year, property owners are looking at their equity as an opportunity to invest.  In this episode we explore how you can borrow against your home and look at 3 real estate options of how to invest it.   _________________________________  Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevanco...

If you have tried to buy a home recently you've likely noticed that there doesn't seem to be a lot of options available, well, you're not wrong.   There are less than HALF the amount of homes for sale today then there were just 6 years ago.  This has understandably put upward pressure on prices, where in the last 12 months, the average Canadian home price has increased 25%, or $140,...

The Vancouver Life Real Estate Podcast is officially 1 Year Old  and has just surpassed the 10,000 downloads mark!  We wanted to say a very heartfelt Thank You to everyone that has listened and subscribed.  It really means the world to us.     In this episode we take a step away from real estate to take the opportunity to interview each other!  We secretly came up with 3 questions to ask each memb...

As we emerge from a year and a half of pandemic lock downs and restrictions that radically changed what people look for in a home - what happens now?   Are buying habits going to look similar to what they did pre-pandemic?  Or have our housing needs changed forever?   Will businesses require people to come back to their downtown offices?   We look into these questions and share what's happeni...

After a 21 Month Bull Run that saw average home prices increase by 19% the indicators are now pointing downwards.  We are past the peak of the market and you can expect prices to correct over the upcoming months.   We deep dive into the May 2021 statistics and peel back the layers to provide you insights and predictions as to where prices are going next and how long it'll take to get there. ...

The pandemic impacted the commercial sector of real estate as well.   Understandably office buildings took a serious hit while, maybe not so expectedly, the demand for industrial properties skyrocketed.   In this episode we sit with Liam Simpson from William Wright Commercial Real Estate Services to take a deeper look into how each commercial asset class performed during the pandemic, where and wh...

April inflation hit a 10-Year high and it triggered a warning from the Bank of Canada letting people know that interest rate increases are coming.   While they didn't say exactly when, this is a notable change of tone from just a few short weeks ago when the promise of record low rates maintaining until 2023 were echoed.  Second to that, the recommended increase to the Stress Test was confirm...

The sales data from the first 2 weeks of May shows that real estate prices have begun falling.   The Median price is off 6% already this month and every indicator is pointing towards a further decrease in price.  Inventory is increasing, sales are slowing, new listings are high and the sales to active listings ratio is down 22% from just 2 months ago.  Now, be careful to understand that this does...

Home prices hit a new all-time high record in April as did sales volumes for the month.   BUT there are a number of key indicators that are pointing to an imminent slowdown, and soon.   Inventory is climbing, fast, sales ratios are dropping, multiple offers are fewer and further between, appreciate rates are slowing and the overall market sentiment has changed.   We dive deep into the numbers and...

The signs are becoming ever more clear that the Vancouver Real Estate Market is about to hit the top.   Multiple Offer scenarios are becoming fewer and farther in-between, price reduction emails are hitting our inbox, Inventory is climbing and days on market is increasing.   We dig deeper into the data and share our predictions into when and how much the market will drop once it hits the peak.   ...

The first federal budget released in almost 2 years came out on Monday, and noticeably missing from it was any policies that would cool the housing market.   Is this really a surprise?  With 3/4 of Canadians homeowners, and 45% of homes owned outright with no mortgage, is there really a crisis?  Or do non-homeowners simply have a louder voice right now?   Who is the government trying to favour wit...

The Pre Sale Market hit a 59% absorption rate in March with 845 units selling.  That is the highest it's been since early 2018 - similar to the records set by the resale market.   A recent 227 unit tower sold out in 5 days, and the demand is increasing.  We dig into whats happening in the near future and how you can get involved.   www.thevancouverlife.com  _________________________________ ...

On April 8th the Office of the Superintendent of Financial Institutions (OSFI) proposed a  0.46% increase to the existing Stress Test, raising the mortgage qualification rate from 4.79% to 5.25%.   This will ultimately reduce people's buying power by 4.5%       But in this environment, will home prices reduce by a similar amount?   We look into what happened when the Stress Test was originall...

Every real estate record was smashed in March 2021, and most be a significant margin.  Prices, sales volumes, inventory, sales ratios, appreciation rates, the list goes on and on.  We take a deeper dive into the numbers and share our prediction on what's going to happen next.   www.thevancouverlife.com _________________________________  Contact Us To Book Your Private Consultation: 📆 https:/...

The Canadian Real Estate Market is so overheated that the IMF has come out and labelled it Risky, while RBC is claiming it could destabilize the economy.    Both bodies point to taxation and tighter credit controls as a solution, (aka, taxing the demand) while 2 councillors in Vancouver are pushing to fix the permitting process to help with the supply side.  All price, sales and listings are on tr...

Real Estate prices have been rising for 18 straight months and, recently, have gone parabolic.    With March on pace to be the highest sales volume month ever recorded, and all 3 price indicators at All-Time-Highs, the question becomes, When & How Is The Vancouver Real Estate Market Going To Slow Down?   We dive into what happened the last time the market rose this fast and what caused it to s...