Market Report • Tags • John Vernon

SALES SLOW...INVENTORY GROWS Tag: Market Report

Posted by John Vernon & Associates on October 29, 2018

In June 2018, Central Mortgage and Housing Corporation(CMHC), released the results of a survey of home buyers who purchased a home in 2017 in the Montreal, Toronto and Vancouver Census Metropolitan Areas. The objective was to determine buyers’ attitudes as to factors drive the market, particularly prices. The study was an effort to explore “behavioural economics” or what the layman might term the psychology of buying.

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THE MARKET INVENTORY Tag: Market Report

Posted by John Vernon & Associates on August 23, 2018

There were 1,910 properties (including lots and acreage) active on the VREB’s MLS® database for the Greater Victoria area (i.e., excluding the Malahat, Up-Island and the Gulf Islands) on July 1, 2018, up +50.3% from 1,271 a year ago. As an additional point of reference, the inventory was 2,796 on July 1, 2015.

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THE VICTORIA MARKET Tag: Market Report

Posted by John Vernon & Associates on July 18, 2018

The real estate market in Victoria continues to cool and begins to move towards a more balanced market.

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Home Ownership and Public Policy Tag: Market Report

Posted by John Vernon & Associates on June 4, 2018

For the most part, governments in Canada have pursued polices encouraging home ownership. The rate of home ownership
increased from 60.3% in 1971 to 69.0% in 2011. In the past five years, many urban areas, particularly the Lower Mainland
of BC, the Golden Horseshoe around Toronto, as well as Victoria have experienced a marked appreciation in real estate
values.

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THE GLOBAL AND NATIONAL PICTURE Tag: Market Report

Posted by John Vernon & Associates on April 24, 2018

A Scotiabank Group report entitled “Global Real Estate Trends,” released in November 2017, reported the results of a survey of the housing markets in twenty-three countries. This survey found that seventeen countries enjoyed year-over-year (y/y) “real house price increases” (i.e., inflation-adjusted) into the 1st and 2nd Qtrs of 2017.

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