Real Estate Market News and More

Multiple Offers - New transparency rules bring comfort to buyers

Posted on Jul 16, 2023

When the market is hot, nothing can be more nerve wracking for buyers than to enter into a multiple offer situation where they are bidding against other buyers for the same property. Competition can be fierce and the final accepted offer can be hundreds of thousands more than the original asking price. Compound this with the unknown about how many...

5 Things to Consider When Buying a Waterfront Property

Posted on Jul 16, 2023

As published in Insight Magazine - The Art of Living, by Sotheby's International Realty

Whether appreciating the view from indoors or enjoying the breeze along the shore, owners of waterfront homes benefit from a different perspective and pace. Little in life can match the tranquility and inspiration of life along the water - but when it comes to ma...

MY Sunshine Coast 2023 Mid-Year Review

Posted on Jul 11, 2023

After a year of declining prices, 2023 started off slowly but showed some signs of recovery. Buyers cautiously entered the market to purchase while interest rates stabilized after a year of continuous increases. While March and April are typically the peak time for sales on the Coast, the interest rate increase in January created a slower start and...

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...

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...

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.

TOTAL SUNSHINE COAST

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...