Vancouver Homes Are Full of Stuff

From Cameron’s Desk

This might have some positive reflections for the Vancouver Real Estate market. Cameron notes in his economic report that although the numbers are below the historical average people, are still buying stuff.

George Carlin makes sense of it all. One idea is to buy a bigger Vancouver home in which to put your stuff!

Canadian Retail Sales – November 22, 2011

Canadian retail sales jumped 1.0 per cent in September, the fifth increase in the last six months and the largest increase since November 2010. The increase in sales was broad based with 9 out of 11 sectors reporting higher sales. The strong performance in retail sales was driven by the motor-vehicle and parts industry which rose 2.8 per cent from August. Excluding auto-related sales, retail sales were up 0.5 per cent. Retail sales in BC increased 0.2 per cent month-over-month or 2.6 per cent over September 2010.

Provincial retail sales grew at a slightly faster pace in September, but are still running at a much lower rate compared to historical average. We anticipate that a combination of high debt burdens and weak full-time employment growth is likely to keep retail spending relatively low through the end of the year and into 2012.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

Reggie Says:
November 23rd, 2011 at 6:39 pm

Hi Larry,

I am hearing that sales pace of sfh on Westside is not that robust.

Given this (fact or fiction, I do not know) any sense of averages for this month?

thanks, great posts and interesting commentary!

November 23rd, 2011 at 7:16 pm

@reggie
– coffee talk tells me it’s slow, especially if your listing is a condo. Some Realtor faces confirmed this adding that they are getting no calls, and empty opens.

Conversely (and I don’t mean to sound like a brass band) my buddy on the east side has had his best year in 30 (he is a very consistent producer so this was even more remarkable considering the market climate ). We both remarked about our respective good fortune until we got to talk about time commitment and realized we were working our butts off – (Could explain my snark comments every once in a while) . While we have both had some not so pretty listings, by and large our respective acute sense of market realty has helped our sellers accomplish what they had set out to do. We presume their contentedness and satisfaction as they keep referring our services to other sellers.

BubbleBoy Says:
November 25th, 2011 at 2:23 pm

@Reggie

Westside sfh listings this month @840 units. As of yesterday, 33 sold. For condos, I could care less. Condos are toast

Reggie Says:
November 26th, 2011 at 11:28 am

Wowzer, that’s an awfully high MOI…..

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