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July's Insights
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Foreclosure Rate: 3.21%
For investors, this provides a measure of the income-generating potential of a property relative to its cost.
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Average DOM: 8
Lower days on market indicate that homes are selling quickly, suggesting a competitive market.
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Price per Square Foot: $399.00
This helps compare properties of different sizes and gives an idea of the property’s relative value.
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Sales-to-Listings Ratio: 3.00%
A high ratio indicates a seller’s market, while a low ratio indicates a buyer’s market.
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Average Sold Price: $2,322,332.00
No explanation available.
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Highest Property Sold: $35,000,000
The highest value home sold during the reporting period provides insight into the premium market activity.
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Lowest Property Sold: $648,125
The lowest priced property sold gives insight into the affordable segment of the market.
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Hottest Market: City of Vancouver
The area with the most active transactions indicates where market demand is the strongest.
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Latest Market Events
- 20 Dec Urban Development Conference - Conference on future urban development strategies in Montreal.
- 10 Dec Winter Real Estate Seminar - Seminar on strategies for navigating the real estate market during winter months.
- 05 Dec Mortgage Rate Forecast - Predictive report on mortgage rates for 2025 to be released in early December.
- 15 Nov Green Building Standards - British Columbia enforces new sustainable construction standards.
- 25 Oct Housing Supply Initiative - Federal initiative to increase housing construction in Canada.