As Fall 2023 is upon us in full swing, it’s time to take a closer look at the data from the third quarter of 2023, alongside a concise summary of the completed third quarter in our Fifth Dimension Metro Vancouver & Fraser Valley report. With the turning of the leaves to brilliant reds, yellows and […]
With the summer season in full swing, it’s time to take a closer look at the data from the second quarter of 2023, alongside a concise summary of the completed second quarter in our Fifth Dimension Metro Vancouver & Fraser Valley report. We start this summer edition of the Fifth Dimension grateful to those who […]
The Metro Vancouver real estate market’s current state presents an intriguing scenario, defying expectations and showcasing uncharacteristic trends. Increased buyer confidence, despite persistent supply shortages and price escalations, has created a unique environment for both buyers and sellers. As the market continues to evolve, industry experts closely monitor these unconventional dynamics, keeping a watchful eye […]
A recent report from the City of Saskatoon stated that infill development is cost-effective when existing infrastructure has unused capacity and can result in improved transit utilization. However, it warns that developers may find fewer obstacles when developing new tracts of land. In 2016, an Australian study reported by ABC News found that the cost […]
Let’s spring into the season and review the numbers from the first quarter of 2023 with a concise summary of the completed fourth quarter in our Fifth Dimension Metro Vancouver & Fraser Valley report. Spring 2023 came in like a lion and left like a lamb as we jump from wet and cold weather to […]
Shorter days, cooler weather, and the dreaded arrival of rain, rain, rain, signal the push to year-end. Like the rain greeting us every autumn, it is time for the Fall edition of the Fifth Dimension, presenting a concise summary of the new multifamily development market of the Third quarter of 2022 for Metro Vancouver and […]
As Metro Vancouver moves out of a quieter summer season for the housing market, home prices are expected to stabilize in the next three months, according to the British Columbia Real Estate Association (BCREA). Brendon Ogmundson, BCREA’s chief economist, says home prices peaked in February of this year and have since come down by around 10 per […]
With summer full on, we are pleased to present this Summer edition of the Fifth Dimension, presenting a concise summary of the completed second quarter of 2022 for Metro Vancouver and the Fraser Valley. Fifth Avenue is a full service, suburban market-focused residential real estate sales and development marketing organization. Combined with our associated entities […]
We are pleased to present this Spring edition of the Fifth Dimension. This analysis reviews the number of new home sales and new developments for the First quarter of 2022 by region across Greater Vancouver and the Fraser Valley. Fifth Avenue Real Estate Marketing Limited (Fifth Avenue) specializes in new multifamily home sales and marketing […]
After the pandemic pause and uncertainty of 2020, the dam officially burst in 2021. Last year’s fourth quarter set records more than 10% higher than the previous all-time high — 7,655 new multi-family homes hungrily absorbed into the market. The entire year was a dazzling 26,291. The Fifth Dimension Winter Edition 2022 report explores the Metro […]