Crosstown Marketing Group

From the blog

Is The Single Family Home Market Changing?

We believe the answer is Yes. We have seen a small uptick and while “uptick” is not scientific, often the turn of the market starts with a feeling because by the time it is a proven fact we have moved past the bottom and are headed up.

Here are some of the reasons driving the changing tide in the Single Family Home Market:

  1. The number of homes available is low and not growing. Check out the inventory graph: 
  2. The number of sales reported are starting to increase (297 single family homes sold in January and 552 sold in February)
  3. The gap between a family sized townhouse and a single family home is getting very close. When you start analyzing the costs of a townhome with strata fees versus a house with a mortgage helper, the house ends up being cheaper on a monthly basis. This is especially true in Vancouver where prices for a larger townhouse often hits or exceeds the one million mark. This article outlines some of the activities we are experiencing more and more this year.
  4. Another reason driving change is land use changes happening in several municipalities. Developers are absorbing single family home lots in areas slotted for change

If you are contemplating a home purchase and want to take advantage of our knowledge book a consult at or email info@crosstownmg.com.

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