As you may have already heard, Canadian Real Estate is in the process of undergoing a significant shift. Currently, if you want to know sold listings data, you have to contact us or another licensed REALTOR®. This will change based on a ruling last year by the Supreme Court of Canada against the Toronto Real Estate Board. This ruling has real estate boards across Canada, including ours (the Real Estate Board of Greater Vancouver), enabling sold data to be published on sites like ours (with a few fine print detail that we will spare you from).

We think this move towards increased transparency is a great thing for all our clients and the real estate industry more generally. We’d far prefer to be helping clients understand the data, analyze their options, make decisions, and negotiate the best offers rather than being gatekeepers of information.

In the next few months, our web company promises that historic sold data will be available for you to search on our site. Of course, we’ll let you know the moment it is available.

In the meantime, don’t hesitate to contact us should you need any information about past sold, active listings or selling your home. The mortgage stress test implemented by the Federal government last year coupled with an increase in mortgage rates has put continued downward pressure on home prices. This means that if you are thinking of buying, now is a really good time. And if you’ve been considering selling your home, let’s chat about the market timing and how to best optimize your returns given your own timelines.

Lastly, we would like to mention that if you have not done so already, you need to declare your home by March 31st in accordance with the new speculation and vacancy tax. More about the tax and where to file your declaration here.