Bob Sethi, B.Comm | 604.273.2828

The RE/MAX 2018 Housing Market Outlook Report is out!



"The 2018 average residential sale price expectation for Canada is an increase of 2.5 per cent as the desire for home ownership remains strong, particularly among Canadian millennials."


"This past year saw the single-family detached home and condo markets diverge on distinctly different paths in Canada’s two highest-priced real estate markets, Greater Vancouver and the Greater Toronto Area (GTA). The trend is expected to continue into 2018 as a mix of relative affordability for condo units and price appreciation for detached homes in recent years, combined with government policy changes in both markets, has helped push an infl ux of buyers toward condo ownership."


Download the full report:



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VANCOUVER, May 8, 2014 — Housing starts in the Vancouver Census Metropolitan Area (CMA) were trending at 18,682 units in April compared to 18,729 in March, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.

“The trend was relatively stable in April, with a marginal increase in single-detached home starts balanced by a small decline in multiple-family construction,” said Robyn Adamache, CMHC’s Senior Market Analyst for Vancouver.

Vancouver CMA Housing Starts April 2014

*Seasonally adjusted annual rate. Source: SCHL.

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next.

The standalone monthly SAAR was 17,681 units in April, down from 20,594 in March. This decrease is the result of a decline in multiple housing starts, notably in apartment construction.

Housing starts in the Abbotsford-Mission CMA were trending at 629 units in April from 463 units in March.

Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables


As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

For more information, contact me at with subject line, "CMHC". 

All information taken from sources believed to be reliable. Reproduced from CMHC news release. 1 All starts figures in this release, other than actual starts and the trend estimate, are seasonally adjusted annual rates (SAAR) — that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. By removing seasonal ups and downs, seasonal adjustment allows for a comparison from one season to the next and from one month to the next. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

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Google map of BC's 6.7 earthquake

April 23, 2014. Today's 6.7 magnitude earthquake, striking off the coast of Vancouver Island's Port Hardy, serves as a reminder to be prepared. In an emergency it may not be possible for emergency workers to reach you right away. We should all be able to care for ourselves and loved ones for a minimum period of 72 hours.

Luckily, getting prepared has become significantly easier. Try starting with the Government of Canada's free download, "Your Emergency Preparedness Guide":

 Your Emergency Preparedness Guide


Once you've got the basics ready, customize your plan and supplies to suit your needs. And please don't forget to prepare for your pets!


If you have any comments or suggestions please leave a post.



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RE/MAX Spring Market Trends Report 2014
Canada's real estate poised for robust spring and summer

April 15,2014

The RE/MAX Spring Market Trends Report 2014 is now out, highlighted by an increase in Western Canada's housing market. The Vancouver area has already shown year-over-year price gains with a 5.4% increase in year-over-year prices by the end of March. These gains have been balanced between home inventory levels and demand, creating a balanced market that's proven beneficial to both home buyers and sellers.

Our unique combination of temperate climate, social, cultural and economic links to China along with our stunning sea to mountain scenery continues to drive the desire to live here. Now, there's a a growing selection of home affordability that includes tradtional single family homes in the suburbsto those with rental suites, multi-generational homes, laneway housing and innovative townhome and condo designs that opens up home ownership to more people than ever.

So whether you're buying or selling this season the market is in your favor.

Want to learn more? Email me today at for your free copy of the full RE/MAX Spring Market Trend Report 2014.

Home Sellers, click here to see what neighborhood homes like yours are selling for.

Home Buyers, click here to find the home you're looking for before other homebuyers.

*Need help with these free services? Don't hesitate to call or email me today.

All information from sources believed to be reliable. For more information, please contact the author.


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Free Download: RE/MAX Housing Market Outlook Report 2014

December 11, 2013.

Today RE/MAX released our Housing Market Outlook Report 2014. If you want to know what's going on in Canadian Real Estate watch the video above and download the full report below for free!


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NEW September 2011 stats just out.  RE/MAX continues to dominate local markets with more sales per associate than any other company.  The following graph illustrates why you want a RE/MAX Realtor to help you buy or sell real estate in Richmond:
September 2011 RE/MAX Market Share
The importance of properly pricing your home for sale proves more important.  Only 12% of Richmond properties listed in September sold the same month (sell-through-rate) vs 25% of properties listed for sale in East Vancouver. 
September 2011 Sell Through Rate
Take advantage of market knowledge - call or email me to find out how to buy or sell your home faster and for more money in today's market:
Bob Sethi
RE/MAX Westcoast
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September stats continue to show RE/MAX sells more homes in Richmond than any other company with a dominating 15.7% market share:
RE/MAX Market Share - August 2011
The following graph illustrates the Sell-Through-Rate, or the number of homes listed that sold in the month of August:
Sell through rate August 2011
Interested how this information can help you buy or sell a home?  Call/email today:
Bob Sethi
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Bob Sethi, B.Comm
RE/MAX Westcoast
#110-6086 Russ Baker Way
Richmond, BC
V7B 1B4 Canada

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