Steve Davis : Blog : Latest Blog Posts

June 2026 Market Update

Sun, 12 Jul 2026 17:02:37 GMT

Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2026 is 14.6 per cent. By property type, the ratio is 12 per cent for detached homes, 17.8 per cent for attached, and 15.5 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

June 2026 Market Update

Sun, 12 Jul 2026 17:01:30 GMT

Demand for all home types in Metro Vancouver increased to start the summer, with home sales up nearly ten per cent year-over-year in June.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,390 in June 2026, a 9.6 per cent increase from the 2,181 sales recorded in June 2025. This was 12.4 per cent below the 10-year seasonal average (2,728).

June 2026 Market Update

Sun, 12 Jul 2026 17:00:35 GMT

There were 5,938 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2026. This represents a six per cent decrease compared to the 6,315 properties listed in June 2025. This was 5.9 per cent above the 10-year seasonal average (5,609).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,017, a 3.1 per cent decrease compared to June 2025 (17,561). This is 30.2 per cent above the 10-year seasonal average (13,070).

How to Prepare Your Home or Condo for Sale Without Spending a Fortune

Sun, 28 Jun 2026 19:59:01 GMT

Thinking about selling your home or condo? Learn practical ways to prepare your property for sale, make a great first impression, and avoid unnecessary renovation costs.

I have sold a property at 702 615 Hamilton Street in New Westminster

Fri, 19 Jun 2026 09:07:40 GMT

I have sold a property at 702 615 Hamilton Street in New Westminster on Jun 11, 2026. See details here

Rare 1,275 sq ft 2-bedroom + den in Uptown New Westminster - significantly larger than most comparable condos on the market. This thoughtfully laid-out 7th-floor home at The Uptown features a spacious open-concept living area anchored by a gas fireplace, oversized windows that flood the space with natural light, and engineered hardwood flooring throughout. The kitchen features a central island perfect for entertaining, and the separate den makes an ideal home office or nursery. Two well-proportioned bedrooms include a primary with ensuite. Step out to your private covered balcony - usable in all seasons thanks to the northeast exposure and overhead cover. One secure underground parking stall and storage locker included. Building amenities include a fitness center and a social room with a pool table. Maintenance fee covers hot water, gas for the fireplace, gardening, management, and recreation facilities. Pet-friendly (1 dog or cat, max 44 lbs). Walk score is excellent: steps to Moody Park, a short walk to Queen's Park, Uptown shopping, Royal City Musical Theatre, medical building, and transit connecting to SkyTrain. A rare combination of size, location, and value in one of New Westminster's most walkable neighborhoods.

702-615 Hamilton Street SOLD!

Thu, 18 Jun 2026 15:00:32 GMT

Congratulations to my sellers on the successful sale of #702-615 Hamilton Street in New Westminster!

This beautiful home attracted strong interest and is now officially SOLD. I'm grateful for the trust my clients placed in me throughout the process and thrilled to have helped them achieve a successful result.

Thinking about selling in New Westminster, Burnaby, or the surrounding area? I'd be happy to discuss today's market and help you achieve your real estate goals.

Market Update for May 2026

Sun, 07 Jun 2026 17:29:24 GMT

May 2026 Market Update

Sat, 06 Jun 2026 00:20:44 GMT

Across all detached, attached and apartment property types, the sales-to-active listings ratio for May 2026 is 13.1 per cent. By property type, the ratio is 10.7 per cent for detached homes, 15.4 per cent for attached, and 14.2 per cent for apartments.

May 2026 Market Update

Sat, 06 Jun 2026 00:19:48 GMT

Led by slow sales in the apartment segment, home sales registered on the MLS® in Metro Vancouver were down nearly four per cent in May compared to last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,150 in May 2026, a 3.5 per cent decrease from the 2,228 sales recorded in May 2025. This was 26.6 per cent below the 10-year seasonal average (2,930).

May 2026 Market Update

Sat, 06 Jun 2026 00:18:56 GMT

There were 6,115 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2026. This represents a 7.6 per cent decrease compared to the 6,620 properties listed in May 2025. This was 1.3 per cent above the 10-year seasonal average (6,036).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,917, a one per cent decrease compared to May 2025 (17,094). This is 34.6 per cent above the 10-year seasonal average (12,567).

Open House. Open House on Saturday, May 30, 2026 2:00PM - 4:00PM

Fri, 29 May 2026 09:27:10 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, May 30, 2026 2:00PM - 4:00PM

Open House. Open House on Sunday, May 31, 2026 2:00PM - 4:00PM

Fri, 29 May 2026 09:27:10 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, May 31, 2026 2:00PM - 4:00PM

New property listed in Uptown NW, New Westminster

Fri, 29 May 2026 09:27:09 GMT

I have listed a new property at 702 615 Hamilton Street in New Westminster. See details here

Market Update for April 2026

Fri, 22 May 2026 13:15:16 GMT

📊 Bank of Canada Holds Interest Rates

Wed, 29 Apr 2026 16:50:37 GMT

The Bank of Canada announced today that it is holding its key interest rate at 2.25%.

This means no immediate changes to variable-rate mortgages, lines of credit, or lending costs.

So why the hold?
The Bank is taking a cautious approach as:
• Inflation remains slightly above target
• Economic growth is steady but uneven
• Global uncertainty continues to impact the outlook

What this means for you:
✔️ Borrowing costs stay the same (for now)
✔️ Buyers and sellers get a bit more stability
✔️ The next rate move will depend on how inflation and the economy evolve

If you’re thinking about selling, or refinancing, now is a great time to review your options and plan ahead.

📩 Reach out anytime, I’m happy to help you navigate the market.

Open House. Open House on Sunday, April 19, 2026 2:00PM - 4:00PM

Fri, 17 Apr 2026 09:23:44 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, April 19, 2026 2:00PM - 4:00PM

Welcome to The Uptown at 615 Hamilton Street, New Westminster. This bright and spacious 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, engineered hardwood flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a kitchen, patio and pool table. Includes 1 secure parking stall and storage locker. Pet-friendly (1 dog or cat, max 44 lbs). Walk to shopping, parks, schools, and transit. A perfect blend of comfort and convenience in Uptown New Westminster.

Open House. Open House on Saturday, April 18, 2026 2:00PM - 4:00PM

Fri, 17 Apr 2026 09:23:43 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, April 18, 2026 2:00PM - 4:00PM

Market Update for March 2026

Wed, 15 Apr 2026 00:15:12 GMT

Open House. Open House on Sunday, March 29, 2026 2:00PM - 4:00PM

Thu, 26 Mar 2026 09:21:55 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, March 29, 2026 2:00PM - 4:00PM

Open House. Open House on Saturday, March 28, 2026 2:00PM - 4:00PM

Thu, 26 Mar 2026 09:21:54 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, March 28, 2026 2:00PM - 4:00PM

Bank of Canada March 18, 2026

Thu, 19 Mar 2026 16:15:28 GMT

📣 MARKET UPDATE: Interest Rates Hold Steady

The Bank of Canada has announced that it is holding its key interest rate at 2.25% no change from the previous decision.

What does this mean for you?

🏡 Buyers:
Stability in rates means more predictability when planning your purchase. If you’ve been waiting for the “right time,” this could be your window to act with confidence.

💰 Sellers:
Buyer confidence typically improves when rates hold steady. This can translate into stronger demand and more serious offers.

📊 Market Insight:
While inflation is currently under control, global factors (like rising energy prices) are creating some uncertainty—so the Bank is taking a cautious “wait and see” approach.

✨ Bottom Line:
We’re in a more balanced and stable rate environment—for now. Opportunities exist on both sides of the market, especially for those ready to make a move.

If you’re thinking about buying, selling, or just want to understand what this means for your situation, let’s chat!

Open House. Open House on Saturday, March 21, 2026 2:00PM - 4:00PM

Thu, 19 Mar 2026 09:19:35 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, March 21, 2026 2:00PM - 4:00PM

Open House. Open House on Sunday, March 22, 2026 2:00PM - 4:00PM

Thu, 19 Mar 2026 09:19:35 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, March 22, 2026 2:00PM - 4:00PM

Market Update for February 2026

Sat, 14 Mar 2026 18:30:19 GMT

Open House. Open House on Sunday, March 15, 2026 2:00PM - 4:00PM

Thu, 12 Mar 2026 09:18:38 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, March 15, 2026 2:00PM - 4:00PM

Open House. Open House on Saturday, March 14, 2026 2:00PM - 4:00PM

Thu, 12 Mar 2026 09:18:36 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, March 14, 2026 2:00PM - 4:00PM

Open House. Open House on Saturday, March 7, 2026 2:00PM - 4:00PM

Fri, 06 Mar 2026 09:27:12 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, March 7, 2026 2:00PM - 4:00PM

Open House. Open House on Sunday, March 8, 2026 2:00PM - 4:00PM

Fri, 06 Mar 2026 09:27:12 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, March 8, 2026 2:00PM - 4:00PM

Metro Vancouver Market Update – February 2026

Thu, 05 Mar 2026 21:41:59 GMT

February home sales on the MLS® in Metro Vancouver continued the recent trend of slower-than-average sales, seeing a ten percent decline over the same period last year.

Sales-to-Active Listings Ratio - February 2026

Wed, 04 Mar 2026 19:25:55 GMT

Metro Vancouver Market Update – February 2026 🏡

Overall, the sales-to-active listings ratio is 12.6%, with detached homes at 9%, attached at 16.6%, and apartments at 14.1%.
Historically, when this ratio drops below 12% for a while, prices can come under downward pressure. When it’s over 20% for months, prices often rise.

💡 What this means: Fewer sellers are coming to market compared to last year. With demand picking up this spring, we might see inventory hold steady, which could keep prices around current levels.

Detached homes: 427 sold in February (down 10.5% from last year). Benchmark price: $1,835,900 (down 8.8% YoY).
Apartments: 824 sold (down 15.6% YoY). Benchmark price: $708,200 (down 6.8% YoY).
Attached homes/townhouses: 387 sold (up 7.8% YoY). Benchmark price: $1,046,100 (down 5.6% YoY).

The spring market will be the test to see if we continue along this “new normal” or if surprises are in store.

New normal for Metro Vancouver’s housing market continues

Wed, 04 Mar 2026 19:24:11 GMT

Metro Vancouver* home sales registered on the MLS® in February continued the recent trend of slower-than-average sales, seeing a ten per cent decline over the same period last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,648 in February 2026, a 9.8 per cent decrease from the 1,827 sales recorded in February 2025. This was 28.7 per cent below the 10-year seasonal average (2,310).

METRO VANCOUVER MARKET HIGHLIGHTS

Wed, 04 Mar 2026 19:22:56 GMT

There were 4,734 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2026. This represents a 6.4 per cent decrease compared to the 5,057 properties listed in February 2025. This was 7.1 per cent above the 10-year seasonal average (4,421).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 13,545, a 6.3 per cent increase compared to February 2025 (12,744). This is 37 per cent above the 10-year seasonal average (9,886).

Open House. Open House on Saturday, February 21, 2026 2:00PM - 4:00PM

Thu, 19 Feb 2026 09:18:30 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, February 21, 2026 2:00PM - 4:00PM

Happy Valentine’s Day

Sat, 14 Feb 2026 21:10:16 GMT

Home is more than four walls, it’s where love lives.

Whether you’re celebrating with your partner, your family, your friends, or simply appreciating the place you call home, today is about connection.

I’m grateful every day to help people find the place where their love stories unfold.

Market Update for January 2026

Sun, 08 Feb 2026 19:02:03 GMT

New year, familiar vibes

Sun, 08 Feb 2026 18:59:38 GMT

January 2026

Sun, 08 Feb 2026 18:57:10 GMT

Across all detached, attached and apartment property types, the sales-to-active listings ratio for January 2026 is 9.1 per cent. By property type, the ratio is 6.7 per cent for detached homes, 11.1 per cent for attached, and 10.3 per cent for apartments.

January 2026

Sun, 08 Feb 2026 18:56:07 GMT

Last year’s market trends continued in January as home sales registered on the MLS® in Metro Vancouver* were 28.5 per cent lower than last year, setting the year off to a quieter start.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,107 in January 2026, a 28.7 per cent decrease from the 1,552 sales recorded in January 2025. This was 30.9 per cent below the 10-year seasonal average (1,602).

January 2026

Sun, 08 Feb 2026 18:54:55 GMT

There were 5,157 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2026. This represents a 7.3 per cent decrease compared to the 5,566 properties listed in January 2025. This was 19.4 per cent above the 10-year seasonal average (4,318).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,628, a 9.9 per cent increase compared to January 2025 (11,494). This is 38 per cent above the 10-year seasonal average (9,153).

Open House. Open House on Saturday, February 7, 2026 1:00PM - 4:00PM

Wed, 04 Feb 2026 09:17:59 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, February 7, 2026 1:00PM - 4:00PM

New property listed in Uptown NW, New Westminster

Thu, 29 Jan 2026 09:29:34 GMT

I have listed a new property at 702 615 Hamilton Street in New Westminster. See details here

Open House. Open House on Saturday, January 31, 2026 2:00PM - 4:00PM

Thu, 29 Jan 2026 09:29:34 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Saturday, January 31, 2026 2:00PM - 4:00PM

Open House. Open House on Sunday, February 1, 2026 2:00PM - 4:00PM

Thu, 29 Jan 2026 09:29:34 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, February 1, 2026 2:00PM - 4:00PM

📊 Bank of Canada Holds Interest Rate at 2.25 %

Thu, 29 Jan 2026 01:03:46 GMT

The **Bank of Canada has announced today that it is keeping its key policy interest rate unchanged at 2.25 %. This is the first rate decision of 2026 and marks a continuation of the Bank’s cautious approach amid ongoing economic uncertainty.

Bank Governor Tiff Macklem emphasized that while inflation remains close to the Bank’s 2 % target and the economy has broadly evolved as expected, uncertainty, especially from global trade dynamics and geopolitical risks, remains elevated. The Bank signaled that it will continue to monitor economic developments closely and is prepared to adjust policy if needed.

For Canadians, holding the rate steady means borrowing costs for things like variable-rate mortgages and loans are staying where they are, offering stability as consumers and businesses plan for the year ahead.

✔️ Summary:
• Policy interest rate: 2.25 % (held steady)
• Why: High economic uncertainty and inflation near target
• What it means: No change in borrowing cost trends for now, focus remains on data and future risks.

Market Update for December 2025

Thu, 15 Jan 2026 20:58:36 GMT

Open House. Open House on Sunday, December 21, 2025 2:00PM - 4:00PM

Sat, 20 Dec 2025 09:12:26 GMT

Please visit our Open House at 702 615 Hamilton Street in New Westminster. See details here

Open House on Sunday, December 21, 2025 2:00PM - 4:00PM

Welcome to The Uptown at 615 Hamilton Street, New Westminster. This bright and spacious, freshly painted, 2 bed + den, 2 bath home offers 1,275 square feet of thoughtfully designed living space. Enjoy a private, covered balcony with northeast exposure, perfect for year-round relaxation. The versatile, light-filled den is ideal for a home office. Features include oversized windows, engineered hardwood flooring, a cozy gas fireplace, and a kitchen with a central island. The building offers excellent amenities: gym, amenities/social room with a pool table. Includes 1 secure parking stall and storage locker. Pet-friendly (1 dog or cat, max 44 lbs). Walk to shopping, parks, schools, and transit. A perfect blend of comfort and convenience in Uptown New Westminster.

Market Update for November 2025

Fri, 05 Dec 2025 22:13:52 GMT

Check out these highlights from the November 2025 MLS Housing Market Highlights

Thu, 04 Dec 2025 20:48:17 GMT

Sales-to-Active Listings Ratio - November 2025

Thu, 04 Dec 2025 20:42:06 GMT

Across all detached, attached and apartment property types, the sales-to-active listings ratio for November 2025 is 12.6 per cent. By property type, the ratio is 9.7 per cent for detached homes, 13.6 per cent for attached, and 14.8 per cent for apartments.

As sales volumes remain subdued and inventory remains plentiful, properties are taking longer to sell, and pricing has continued to soften slightly across most market segments.

With borrowing costs likely to remain steady into the new year, any uptick in demand will need to arise from a significant change in buyer sentiment. As December is typically among the quietest months of the year in terms of market activity, the prevailing trends suggest we should expect a quiet close to a year marked by considerable uncertainty.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,123,700. This represents a 3.9 per cent decrease over November 2024 and a 0.3 per cent decrease compared to October 2025.

Sales of detached homes in November 2025 reached 541, a 13.6 per cent decrease from the 626 detached sales recorded in November 2024. The benchmark price for a detached home is $1,900,600. This represents a 4.3 per cent decrease from November 2024 and a 0.4 per cent decrease compared to October 2025.

Sales of apartment homes reached 945 in November 2025, a 13.2 per cent decrease compared to the 1,089 sales in November 2024. The benchmark price of an apartment home is $714,300. This represents a 5.2 per cent decrease from November 2024 and a 0.2 per cent decrease compared to October 2025.

Attached home sales in November 2025 totalled 350, a 22.4 per cent decrease compared to the 451 sales in November 2024. The benchmark price of a townhouse is $1,065,600. This represents a 4.4 per cent decrease from November 2024 and a 0.1 per cent increase compared to October 2025.

Housing market sees little change as year-end nears

Thu, 04 Dec 2025 20:40:48 GMT

Metro Vancouver home-sale trends observed in October continued in November, as sales registered on the MLS® remained lower than this time last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,846 in November 2025, a 15.4 per cent decrease from the 2,181 sales recorded in November 2024. This was 20.6 per cent below the 10-year seasonal average (2,324). Metro Vancouver* home-sale trends observed in October continued in November, as sales registered on the MLS® remained lower than this time last year.