Reader Barb Rennie posted this in yesterdays thread, can any Realtors vouch for it’s accuracy?
Total number of Sales in West Vancouver for Detached Homes:
Month of January 2014 – 55
Month of January 2015 – 36
Total number of Sales in Vancouver Westside for Detached Homes:
Month of January 2014 – 147
Month of January 2015 – 77
Are all sales from January 2015 are tabulated yet or is this apparent drop in west side sales simply due to incomplete data?
It’s the end of another work week and that means it’s time for another Friday Free-for-all!
This is our regular end of the week news round up and open topic discussion thread, here are a few recent links to kick off the chat:
–Target says goodbye Canada
–Suncor plans cuts
–Sony closing all stores
–Bank of Canada warns on economy
–Oil affects housing?
–RE Commissions to fall?
–Vancouver lags on rentals
–House of cards
–Endless HAM chat can end anytime
–Did we say budget surplus? nevermind.
–Alberta considers sales tax
So what are you seeing out there? Post you news links, thoughts and anecdotes here and have an excellent weekend!
RFM has updated the Vancouver Realtor Hunger Index for November 2014 over at Vancouverpeak.com
The index is creeping up from its mid levels, but nothing too dramatic at this point.
The VANCOUVER REALTOR HUNGER INDEX for November 2014 was 62%. How does this compare? The 17-year average for November is 54%. At 62%, the 2014 November VRHI equaled 1999’s figure and was higher than 10 years and lower than 5 years since 1998.
Details and comparison data for 17 years at:http://vancouverpeak.com/showthread.php?tid=64
At least one local developer has struck on an ‘innovative’ way to rent out their property: rent to own.
Just like TV and Furniture in the 80s, you can rent to own a condo.
Under the plan, 15 per cent of a tenant’s monthly rent goes into a credit account. That money can then be used in the future for a down payment on a new Bosa home purchase, to a maximum of three per cent of the home’s value.
This should appeal to someone who is having difficulty finding a unit for 15% less and putting the money away themselves.
Does this stat surprise you?
About 1 in 245 Canadians over 19 is a Real Estate Agent.
We have almost as many people in the country selling real estate as we have building it.
This according to an article in the Financial Post
Royal LePage chief executive Phil Soper blames this increase on what he calls ‘speculative’ agents.
“This is a real regional story. If you look at Quebec, where they took a different approach to licensing and professionalism by increasing the length of time and difficulty to get your licence, their ranks have shrunk,”
So who’s out there getting their real estate license? Sounds like this is the easy path to riches and as long as we get enough churn in the market there should be plenty of commissions to go around, right?
Read the full article here.