Blake Hilts Vancouver Real Estate Analyst

11/29/2021

October saw the largest release of inventory in a single month this year and the same month absorption remained steady at 40%. Resale supply continues to decline which is pushing buyers to the presale market and the overall market continues to be active and steady with more price appreciation to come.

04/11/2019

YIKES! The BIG boys are not as busy as they once were. B.C.'s average construction start value for projects over $50 million fell 30.7% to $197 million in 2018 from $284.9 million in 2014, according to data on Business in Vancouver’s list of the biggest B.C. construction starts in 2018

12/31/2017

Happy New Year! 2018 is looking like another busy year for Vancouver Real Estate.

11/24/2017

For yet another quarter the total number of new multifamily sales in Metro Vancouver exceeds 4,000 units. This total represents a 38 percent increase from the Third Quarter of 2016 and establishes a record for Third Quarters over the past ten years.

08/27/2017

The average price per square foot in downtown Vancouver is now $1,236. Higher by $302 when compared to the same quarter last year

06/02/2017

Market activity picked up in May with home buyer activity returning to near record levels across the Metro Vancouver housing market. Demand for condominiums and townhomes is driving today’s activity with first-time buyers and people looking to downsize from their single-family homes competing for these two types of housing.

04/11/2017

Low supply continues to be an issue in Metro Vancouver.

https://www.youtube.com/watch?v=yOs7m34LR0Q

President Jill Oudil gives a quick review of the March housing market. She also looks at the difference in supply and demand conditions between property types.

03/03/2017

http://www.theglobeandmail.com/news/british-columbia/vancouvers-housing-shortage-worsened-by-rental-crackdown/article34197665/?utm_source=Shared+Article+Sent+to+User&utm_medium=E-mail:+Newsletters+/+E-Blasts+/+etc.&utm_campaign=Shared+Web+Article+Links

City staff have been shutting down dozens of illegal rental suites every year, even though vacancies continue to hover at zero and housing prices remain stratospheric

03/03/2017

http://www.cbc.ca/news/canada/british-columbia/vancouver-housing-character-houses-1.3973012

In a city where "bulldozer-bait" homes can fetch close to $3 million, Vancouver's chief planner is faced with a choice that could shape the city for decades to come.

03/02/2017

Live in the Sky! Open House SAT and SUN from 12-2pm

http://pauleviston.com/our-open-houses.html/details-63839728

12/08/2016

CHECK OUT THE 2015 AVERAGE RESIDENTIAL SALE PRICE DATA TABLE & 2016 ESTIMATE FOR CANADA.