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May 10, 2022 | The Saretsky Report – May 2022

Last month we discussed the beginnings of a slowdown, and that theme continues this month. For the first time since 2010, the lowest nationally-available uninsured 5-year fixed rate mortgage is now north of 4%. This means that any buyer opting to make a purchase using a 5 year fixed rate will be stress tested at […]

April 15, 2022 | Saretsky Report April 2022

Last month I wrote about the early signs of the housing market  beginning to turn. Fewer offers, less FOMO, etc. Again, none of this  should have come as a surprise, we’ve had two years of record home sales and runaway price growth, and trees don’t grow to the sky.

March 12, 2022 | The Saretsky Report – February 2022

I’m about to walk you through the usual Saretsky Report where we highlight all sorts of charts and data points pertaining to the housing  market. What I want to emphasize is that the situation is changing rather quickly. A war has erupted in Ukraine, commodity prices are ripping- adding to inflationary pressures, and the Bank […]

February 9, 2022 | The Saretsky Report – January 2022

For regular readers of this report you will remember that 2021 marked a record year for Greater Vancouver home sales, smashing through previous highs set in 2015. That momentum has carried over into 2022. Sales remain incredibly strong, still running more than 30% above the long run average. Meanwhile, inventory in the month of January […]

January 11, 2022 | The Saretsky Report December 2021

It was a blockbuster year for the Vancouver housing market. Annual sales finished the year at just over 44,000, an all time record high. The previous high of 42,000 was set in 2015 during the last housing boom that was sparked by an inflow of offshore cash.

December 14, 2021 | The Saretsky Report – November 2021

It was another painful month to be a home buyer in Greater Vancouver. Just when you thought things couldn’t get any worse, they did. Sales increased 12%, rising to their second highest levels on record, falling just short of November 2015. Meanwhile, inventory collapsed a whopping 40% from last years levels. Obviously this is creating […]

November 11, 2021 | The Saretsky Report – October 2021

The Greater Vancouver housing market continued to rip in the month of October. If you focus squarely on sales you’d be missing the forest for the trees. Sales were officially down 5%, a small drop from last years all-time record high. However, new listings absolutely plunged, dropping 28%, and total inventory for sale dropped a […]

October 8, 2021 | The Saretsky Report – September 2021

Despite the uncertainties of a federal election the housing market continued to hum along in September. Home sales dipped 13% when compared to last September, but that should not come as a surprise considering last September marked an all-time record high for the month. Year-overyear base effects will be hard to top in the months […]

September 15, 2021 | The Saretsky Report August 2021

Suffice to say, the housing market remains front and center of most discussions. After surging to unprecedented levels during the height of the pandemic, it has taken a much needed breather this summer. However, this story is far from over.

August 23, 2021 | The Saretsky Report – July 2021

As discussed in last months report, the great reopening trade is in full swing. People have exited their homes and real estate has become less of a priority. We can see this in the housing data which continues to recede each month since the FOMO induced top in March. Sales here in Greater Vancouver have […]

July 21, 2021 | The Saretsky Report – June 2021

The Great reopening is upon us. Similar to the stock market, you have the pandemic trade, which resulted in people wanting bigger homes away from the city, and now I think we are entering the reopening trade.  Take the US, for example, which is arguably a month or two ahead of us. Most of the […]

June 8, 2021 | The Saretsky Report – May 2021

Let me paint a picture for you. Last May, at the onset of the pandemic, economic and housing activity completely shuts down. The world goes into panic mode. In an effort to prevent an economic depression and a wave of defaults, the government along with the central bank, decide to essentially print money and hand […]

May 7, 2021 | The Saretsky Report – April 2021

We have discussed in past reports the ongoing strength in the Canadian housing markets being largely attributed to excess liquidity and credit creation that was manufactured out of Ottawa.  Commercial bank credit creation is running hot, thanks to Federal Government Guaranteed loans that have simultaneously been supported by the Bank of Canada’s Quantitative Easing Program. […]



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