In the Can

Pres Says

Movie types say that when a film is done and the actors go home it is a ‘wrap.’ After final editing makes it ready for distribution a film said to be ‘in the can.’

Applying those two notions, then according to the Pres. of the Vancouver Real Estate Board, 2011 is definitely a wrap and the numbers ‘in the can’ tell us that sales were up with double digit increases in some areas while listings reached the second highest level in 10 years.

2011 Wrap

Clapboard Thoughts

And with the all too sudden sound of a clap, 2011 officially draws to an end in a year punctuated with highs and lows in all segments of the market place.

Now, that which remains is the view forward in which it will be determined if the Canadian Real Estate Market and the Vancouver market in particular, will continue to enjoy its uncanny ability to resist the economic powers of world events.

Image Credit

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:

BubbleBoy Says:
January 10th, 2012 at 8:02 am

According to you dailies stats, you were right about listings increasing. But the sales have slowed even more than you’d lIke. It’s definitely different this time around

January 10th, 2012 at 2:25 pm

@Bubbles
be patient

Reggie Says:
January 10th, 2012 at 7:31 pm

Hi Larry,

I agree, sales will likely ramp up…but with the media making repetitive comments on housing, etc., we could see a psychological shift take place which does interesting things.

This may be the big corrective phase many of us have long thought would be inevitable.

time will tell.

love your posts.

coffee talk updates?

Reggie Says:
January 10th, 2012 at 9:18 pm

Hi Larry,

It looks like your inventory chart will have a massive reversal this month. Listings look to be screaming higher, while sales are tepid.

Perhaps it’s just the impact of the holidays, I guess time will tell.

BubbleBoy Says:
January 12th, 2012 at 8:03 am

@reggie

It’s going to be a very long holiday. The difference between this year and last year is prices are noticeably lower and will likely continue this trend.

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