Canadian Residential Markets Searching for Valuation Limits

Canadian Residential Markets Searching for Valuation Limits
By Ron Friesen Residential real estate sales in June continued to reach volume above the ten-year average in British Columbia provincial statistics but have dropped off 9.6 percent from June 2016. However, with prices continuing to rise, the dollar value of sales dropped by only 5.6 percent during the same period. “Although home sales remain well off the record pace... Read More

Concerns over household debt in Canada are overblown

Concerns over household debt in Canada are overblown
The drop in interest rates has been so significant that the interest burden of servicing debt has declined as a share of income, despite growing household debt. By Livio Di Matteo Senior Fellow, The Fraser Institute Troy Media With headlines about Canadian household debt hitting record levels and dire warnings from top policy-makers such as Bank of Canada governor Stephen... Read More

Vancouver Developers Nervous About Sustainable Future

Vancouver Developers Nervous About Sustainable Future
By Ron Friesen Valuation growth in the Vancouver residential real estate market is slowing down. Really? It depends how we take our measurements. Buyer velocity continues with lower than traditional inventory available for sale. At the same time the rate of property valuation is slowing, though not yet devaluating. Is there a limit to how much buyers are willing, or... Read More

Investors Needed to Fund Ideas for New Urban Solutions

Investors Needed to Fund Ideas for New Urban Solutions
By Ron Friesen The rate of change in urban planning, as exemplified in Vancouver, BC is naturally and understandably causing some homeowners and veteran city dwellers to feel their interests and way of life are being left behind. Single-family homes are being replaced at an accelerated rate with multi-family homes along primary transportation corridors. Increased living density delivers a great... Read More

Has Real Estate Become More Valuable, Or Just More Expensive?

Has Real Estate Become More Valuable, Or Just More Expensive?
By Ron Friesen When a commodity does not offer added value in terms of location, shelter or otherwise, but the amount of currency required to obtain ownership has increased we would say it is more expensive, not more valuable. Let’s look at the relationship between purchase price and currency valuation. There are a number of explanations for the recent rapid... Read More

The Future of Greater Vancouver Residential Real Estate

The Future of Greater Vancouver Residential Real Estate
Risk, Reward and Barriers By Ron Friesen As the Greater Vancouver residential real estate market becomes more and more challenging for local citizens to get into and get ahead in the question of future value becomes more poignant. Discomfort sets in when a risk decision needs to be made about future real estate values. Understandable. We can refer to the... Read More

Will Vancouver Commercial Real Estate Have the Same Fate as the Housing Bubble?

Will Vancouver Commercial Real Estate Have the Same Fate as the Housing Bubble?
Altus Group, a provider of commercial real estate services, reported that real estate transactions in Vancouver were up 34% in just one quarter, the sixth straight quarter of growth. $3.75 billion in deal flow was recorded by Altus, 875 of those deals exceeded $1 million and 19 transactions for more than $25 million. The increase in commercial real estate sales... Read More

Vancouver Real Estate Bubble Has Burst and Home Owners Are Panic Selling

Vancouver Real Estate Bubble Has Burst and Home Owners Are Panic Selling
Vancouverites upset about being priced out of the housing market because of rising real estate prices fueled by foreign investors, are likely to be heard as the apparent bubble has just burst. Greater Vancouver home sales have fallen 85% in the first half of August to a mere 87, down from 597 homes over the same time last year. Meanwhile,... Read More

Vancouver Housing Market Data on Foreign Nationals Released

Vancouver Housing Market Data on Foreign Nationals Released
The provincial government has unveiled data on foreign home ownership this morning in Victoria which the government started tracking less than a month ago. Chinese foreign real estate investors have been singled out as the driving force behind the skyrocketing housing prices in the Lower Mainland. Buyers of homes were asked to disclose on property tax transfer forms, their country... Read More