Author: archiwebmanager

  • January 2024 Vancouver Real Estate Market Recap

    What happened in January 2024 in the Greater Vancouver Housing Market? Sales are up 38.5% from January 2023 New listings up 14.5% compared to January 2023 Total listings on the market up 9.8% compared to January 2023 Sales 20.2% below the 10 year seasonal average Detached Market Townhome Market Condo Market

  • 2023 Vancouver Real Estate Market Review

    FROM THE REAL ESTATE BOARD OF GREATER VANCOUVER: Metro Vancouver housing market shows resilience in 2023, ending the year in balanced territory Metro Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a…

  • November 2023 Vancouver Real Estate Market Recap

    What happened in November 2023 in the Greater Vancouver Housing Market? Sales are up 4.7% from November 2022 New listings up 9.8% compared to November 2022 Total listings on the market up 13.5% compared to November 2022 Sales 33% below the 10 year seasonal average Detached Market Townhome Market Condo Market

  • October 2023 Vancouver Real Estate Market Recap

    What happened in October 2023 in the Greater Vancouver Housing Market? Sales are up 3.7% from October 2022 New listings up 15.4% compared to October 2022 Total listings on the market up 12.6% compared to October 2022 Sales 29.5% below the 10 year seasonal average Detached Market Townhome Market Condo Market

  • September 2023 Vancouver Real Estate Market Recap

    What happened in September 2023 in the Greater Vancouver Housing Market? Sales are up 13.2% from September 2022 New listings up 28.4% compared to September 2022 Total listings on the market up 9.2% compared to September 2022 Sales 26.3% below the 10 year seasonal average Detached Market Townhome Market Condo Market

  • How Interest Rates Impact Vancouver’s Real Estate Market

    How Interest Rates Impact Vancouver’s Real Estate Market

    How Interest Rates Impact Vancouver’s Real Estate Market As expected in Vancouver, real estate is at the forefront of many investment conversations. Interest rates, while seemingly just a small percentage figure, have profound implications for our residential real estate market. Consider these two different scenarios: Low Interest Rates: When the economy experiences low-interest rates, we…

  • Vancouver City Council Approves ‘Multiplexes’ to Address Housing Shortage

    Vancouver City Council Approves ‘Multiplexes’ to Address Housing Shortage

    Vancouver City Council Approves ‘Multiplexes’ to Address Housing Shortage In a groundbreaking decision on September 14th, the Vancouver City Council unanimously approved a proposal aimed at alleviating the city’s housing shortage. This decision allows for the construction of ‘multiplexes’ in low-density neighbourhoods, marking a pivotal moment after years of discussions among city officials and staff…

  • The Advantage of Having a Skilled Buyer’s Agent on Your Side

    The Advantage of Having a Skilled Buyer’s Agent on Your Side

    Buying a property, whether it’s your first home or an investment, is a significant decision. It involves a complex process that can be daunting to navigate alone. This is where a buyer’s real agent becomes an invaluable ally. Did you know that the commission for real estate transactions in BC is typically paid by the…

  • Best Neighbourhoods in Vancouver for First Time Home Buyers

    Best Neighbourhoods in Vancouver for First Time Home Buyers

    Vancouver, known for its stunning natural beauty, vibrant urban lifestyle, coupled with its proximity to beaches and mountains is a desirable city for first-time home buyers. While the Vancouver real estate market can be competitive and challenging, there are still neighbourhoods within Vancouver that offer great opportunities for those looking to purchase their first home.…

  • PRESALE SPOTLIGHT – Komo by Strand

    PRESALE SPOTLIGHT – Komo by Strand

    We’re excited to have early access to one of our favourite presales of the year – Komo by Strand Following the immense success of Strand’s recent tower, Alina, the demand for this type of development has been undeniable. Komo, their latest project, bears a striking resemblance to Alina while incorporating a selection of additional amenities.…

  • First Time Home Seller Series: Part 1

    First Time Home Seller Series: Part 1

    First Time Home Seller Series: Part 1: Do we buy or sell first? When it comes to navigating the Vancouver real estate market there are many questions that come up. The question “do we buy first or sell first” when it comes making a plan to upsize, downsize or move laterally in the real estate…

  • Vancouver Vacancy Tax Triples

    Vancouver Vacancy Tax Triples

    Mayor Kennedy Stewart pushed forward an amendment to increase Vancouver’s vacancy tax to 3.0% in 2021, triple what it was previously. He hopes that by increasing the tax rate it will push owners of empty homes to either rent them or sell them to feed the local demand.  As many are aware the original motion…

  • 5 Steps To Get You Started On Selling Your Home

    5 Steps To Get You Started On Selling Your Home

    1. RESEARCH & INTERVIEW AGENTS Things to consider when interviewing your potential agent: Do they have a lot of listings but low sales volume? Go with someone who aims to sell their listings over the volume of listings. What do they know about your market/neighbourhood? It’s a plus to have an agent that is knowledgeable…

  • Popolo – 1, 2, 3 Bedroom Homes Located Steps Away From Vancouver’s Iconic Commercial Drive!

    Welcome to Popolo located steps away from Vancouver’s iconic Commercial Drive. Set to officially launch in 2021, we’re giving you a first glimpse at what Popolo has to offer. The neighborhood boasts vibrant artistic inspiration, farm to table shopping, and old-world charm in one of the most unique culinary experiences the city has to offer.…

  • What Is a Non-conforming Stata?

    Before I answer the question, if all duplex’s are non-conforming stratas, it is important to understand what a strata is and why they exist.  In the lower-mainland we have a strata property act that dictates certain rules that all strata owners must abide by.  One of the major points to understand is that within a strata owners…

  • Bertram Bernard Block, Kelowna’s First Urban Village

    Featuring Bertram at Bernard Block, Kelowna’s first downtown Urban Village! 3 Minutes to the new future UBCO Downtown Campus, Bertram is a smart real estate investment because of its prime downtown location, walk score of 98, extensive building amenities and modern interiors. This stunning 34 storey high rise features 1 bedroom, 1 bedroom + den,…

  • Are Canadian Banks Waiving Mortgage Payments?

    COVID-19 is here, and it has quickly become the biggest disrupter in not just our health care system, but our financial markets, small businesses and everything in between. We’ve seen unprecedented stock market drops, small businesses close their doors until further notice and people self-quarantine for the foreseeable future. What does COVID-19 mean for the…

  • While the economy drops, mortgage rates.. rise?

    The Bank of Canada has cut their overnight rate by 1.5% since the beginning of March, triggering lenders to drop their prime lending rates by the same amount. Bond yields have dropped to their lowest levels in years. Economies around the World are grinding to a halt as COVID 19 quarantine continues. And you mean…

  • Moving an Elderly Family Member: Tips for a Stress-Free Transition

    Moving an Elderly Family Member: Tips for a Stress-Free Transition

    Moving an elderly family member can be a challenging and emotional experience for both the senior and their loved ones. Whether it is a move to a smaller home, a senior living community, or a long-term care facility, it is important to plan ahead and approach the process with patience, sensitivity, and understanding. Here are…

  • The New Savings Tool That Can Help You Save For A Larger Down Payment

    The New Savings Tool That Can Help You Save For A Larger Down Payment

    First Home Savings Account (FHSA) Exciting news for those looking to buy their first home in Canada – the First Home Savings Account (FHSA) is set to arrive in April! This account will allow Canadian residents to contribute up to $40,000 towards their first home, with contributions being tax deductible and any capital gains being…

  • Changes to Rental Restrictions in BC

    Changes to Rental Restrictions in BC

    On November 24, 2022, Bill 44, the Building and Strata Statutes Amendment Act was enacted which removed nearly all rental and age restrictions in strata buildings within British Columbia. Rental Restrictions The Bill repeals any provision of the Strata Property Act which allows for strata corporations to create bylaws related to restricting or prohibiting rental. …

  • What’s the biggest fear in the market right now?

    What’s the biggest fear in the market right now?

    What’s the biggest fear in the market right now? Is it rising interest rates? Price decreases? Inflation? Lack of job stability? Sales have dropped and prices have slid down over recent months. I don’t care what the headlines say, what banks predict or what some catchy IG profile is claiming. What I care about is…

  • Does a Recession Mean a Housing Crisis is Coming?

    Does a Recession Mean a Housing Crisis is Coming?

    A lot of people are predicting a recession across Canada and the US. Goldman Sachs predicts that there is a 15% chance in next 12 months and a 35% chance in the next 24 months of us seeing a recession. But since our last recession was based around subprime mortgages in the USA, we ASSUME…

  • Terms You Should Know Before Buying A Strata Property

    Terms You Should Know Before Buying A Strata Property

    Are you looking to buy a condo in Greater Vancouver? If so, here are a few strata terms you need to know to ask the right questions before you make an offer; Strata – In a strata development, the unit you purchase is called a strata lot. The common property is the rest of the…