MY Real Estate Market Insights

MY January Market Update - 2023

Posted on Feb 04, 2023

The real estate market on the Sunshine Coast is showing signs of recovery after a sluggish 2022. We have seen an increase in buyer activity and even multiple offers for several properties as homebuyers come back to the market after adjusting to the higher interest rates. Although sales were low in January, there have been 8 sales so far just 4 days...

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2023 MY Real Estate Market Forecast

Posted on Feb 04, 2023

For most of 2022, homeowners saw gains made to their home values throughout 2021 erode as home buyer purchasing power was reduced.  This was caused by the interest rates being raised 8 times in a 12 month period as the Bank of Canada took aggressive action to order curb nationwide double digit inflation growth. 

The combination of the high inflation a...

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 From Red Hot to Icy Cold - Sunshine Coast Dec 2023 Real Estate Market Update

Posted on Dec 15, 2022

After 2 years of unprecedented growth, we are now in the midst of a dramatic housing market slowdown—the likes of which we haven’t seen since the mid 2010's. 

Current Listings: 342 - 218 Houses | 35 Apartments | 26 Townhomes | 63 Bare Land 
SALES (Nov 1 - Dec 15): 38  - 32 Houses | 2 Apartments | 2 Townhomes | 2 Bare Land

It's takin...

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Taxes, Rescissions, Bans, Strata Rules - 4 Big Changes that affect Real Estate 

Posted on Dec 13, 2022

The overheated housing market, and double digit home price percentage increases we've experienced in the past couple of years have caused the federal and provincial governments to implement some big changes that will impact anyone purchasing or selling a home. Their stated goal is to increase housing accessibility and increase affordability for Can...

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Sunshine Coast August Real Estate Report 

Posted on Aug 02, 2022

Consumers seem to have hit the limit of their budgets and home prices have come off from the high of this spring.  Listings have increased to normal averages, while sales have dropped.  There is currently 7.7 months of inventory on the market across the Sunshine Coast, which suggests we may see further price adjustments in many price brackets.  

There a...

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Housing Affordability and Supply Addressed in 2022 Federal Budget

Posted on Apr 19, 2022

Note - This article is from the British Columbia Real Estate Council. Written by Matt Mayers. 

The Federal Budget 2022 was introduced on April 7 with a significant focus on the supply and affordability of housing in Canada. BCREA was encouraged to hear Canada’s Minister of Finance Chrystia Freeland accurately diagnose t...

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