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The Bull vs The Bear

The Bull vs The Bear

Ok, our last blog post was from the end of April, when the REBGV market was significantly down as lockdown measures were in place. I had said that the Bear had woken up. But a lot has happened since then. BC reopened a lot of places in mid-May, and mobility increased significantly in June. As people started moving, it is clear that a significant number of people jumped in the Vancouver Real Estate market. This following figure summarizes the number of sales per sold date (not reported date, actual sold date), and you can see how the market pulse was ...
The Bear Has Woken Up

The Bear Has Woken Up

A few months ago we discussed data that showed that the Bear market of REBGV had ended. Indeed, as we will see, during the first three months of the year a rapid increase in the sales was observed, indicating a Bull market was in place. The data suggests that prices were indeed going to go up in the first months of 2020. But then, a pandemic was declared. It seems that the Bull got sick and went into self isolation for now, and the Bear is back.

Picture source: https://unsplash.com/photos/2ZXrBR4ByAQ ...
No Need to Run, Bidding is Fun.

No Need to Run, Bidding is Fun.

In our previous post we discussed that the bear market in Vancouver had gone away, at least for now. But why? ...
The Bear has gone to sleep

The Bear has gone to sleep

Winter is here, and it appears that the bear in the Vancouver Real Estate market has gone hibernating ...
Balance. A look at the May REBGV numbers

Balance. A look at the May REBGV numbers

I want to discuss the stats for May, and how they fit with previous months and years. It is clear that sales went up, but why? Let's see what the numbers can tell us. ...
What is delayed may happen later. What do stats today tell us about tomorrow?

What is delayed may happen later. What do stats today tell us about tomorrow?

The questions I want to answer are the following:
1)There are two price indices available, the House Price Index posted by the CREA, and the Teranet Index. How do they compare?
2)What is the correlation between the Sales to Active Listing Ratio and the price indices?
3)What is the seasonality for sales, inventory and Sales to Active Listing Ratios for the REBGV? ...