News

2024 JANUARY VANCOUVER MARKET REPORT

Posted on Feb 16, 2024





FROM JOSEPH
     
   Hi everyone, hope your 2024 has been off to a strong start. Also, happy lunar new year to all the asian clients!

Here are the latest stats: In January, there were 1,427 transactions in Metro Vancouver. With a total inventory of only 8,633. This gives us an Sales-to-Listing ratio of ~17%. Yes, we are still technically in a balanced market...

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2023 YEAR END VANCOUVER MARKET REPORT

Posted on Jan 05, 2024









FROM JOSEPH
     
     HAPPY NEW YEAR EVERYONE! Hope you were well rested and ready to take on the new year! Christmas might be over but I hear the snows are rolling in just around the corner!

Here are the numbers that wrapped up the 2023 Vancouver real estate market. Transactions totaled at 26,249. We had a slower-than-average year as we didn't even reach thir...

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2023 NOVEMBER VANCOUVER MARKET REPORT

Posted on Dec 08, 2023








FROM JOSEPH
     
     Hi everyone! We are officially counting down to Christmas and the holiday season. I hope you have had a strong year and achieved a lot of your goals.

Here are the latest numbers for Vancouver real estate. We are still in a Balanced Market but the momentum is moving towards seller's favor. As of today, the Sales-To-Active-Listing ratio is...

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SEPTEMBER 2022 VANCOUVER MARKET REPORT

Posted on Oct 12, 2022



FROM JOSEPH
     
    QT pain is felt around the world, and many asset classes are down for the count. Some Wall Street indices are down ~20 - 30% compared to the beginning of the year. In crypto land, things aren't looking better. The leading cryptocurrency Bitcoin is down 60% since January and Ethereum, the second most popular, is down 65%.

Real estate ha...

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AUGUST 2022 VANCOUVER MARKET REPORT

Posted on Sep 07, 2022



?FROM JOSEPH?
     
     Just as the market is feeling more confident, here comes another rate hike. Bank of Canada is poised to raise the interest rate for the fifth time this year. As you are reading this report, the policy rate should already be out. Check it out here.

How will this affect the real estate market? Well, we've already seen it many times this ye...

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JUNE 2022 VANCOUVER WEST MARKET REPORT

Posted on Jul 13, 2022



Yes, we'll talk about the elephant in the room. Interest rate. Last month, Metro Vancouver's real estate market reacted to the interest rate hikes by pumping out less transactions. We were actually at a whopping 23% drop below the 10-year June average. The month ended with only 2,444 homes changing hands on the MLS.

For now, we are not noticing bi...

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Get In Touch

Joseph Liang Personal Real Estate Corporation

Phone: (604) 781-9158

EMAIL

Office Info

Dracco Pacific Realty

3398 Dunbar St.  Vancouver,  BC  V6S 2C1 

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