Author: archiwebmanager
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March 2023 Vancouver Real Estate Market Recap
What happened in March 2023 in the Greater Vancouver Housing Market? Sales are down 42.5% from March 2022 New listings down 35.5% compared to March 2022 Total listings on the market up 8.1% compared to March 2022 Sales 28.4% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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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…
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February 2023 Vancouver Real Estate Market Recap
What happened in February 2023 in the Greater Vancouver Housing Market? Sales are down 47.2% from February 2022 New listings down 36.6% compared to February 2022 Total listings on the market down 16.7% compared to February 2022 Sales 33% below the 10 year average for February Detached Market Townhome Market Condo Market
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January 2023 Vancouver Real Estate Market Recap
What happened in January 2023 in the Greater Vancouver Housing Market? Sales are down 55.3% from January 2022 New listings down 20.9% compared to January 2022 Total listings on the market down 32.1% compared to January 2022 Sales 42.9% below the 10 year average for January Detached Market Townhome Market Condo Market
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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. …
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2022 Vancouver Real Estate Market Review
2022 Vancouver Real Estate Market Review The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 34.3 per cent decrease from the 43,999 sales recorded in 2021, and a 6.6 per cent decrease from the 30,944 homes sold in 2020. Last year’s sales total…
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November 2022 Vancouver Real Estate Market Update
What happened in November 2022 in the Greater Vancouver Housing Market? Sales are down 52.9% from November 2021 New listings down 22.9% compared to November 2021 Total listings on the market up 28.5% compared to November 2021 Sales 36.9% below the 10 year average for November Detached Market Townhome Market Condo Market
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October 2022 Vancouver Real Estate Market Update
What happened in October 2022 in the Greater Vancouver Housing Market? Sales are down 45.5% from October 2021 New listings down 0.4% compared to October 2021 Total listings on the market up 22.6% compared to October 2021 Sales 33.3% below the 10 year average for October Detached Market Townhome Market Condo Market
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September 2022 Vancouver Real Estate Market Update
What happened in September 2022 in the Greater Vancouver Housing Market? Sales are down 46.4% from September 2021 New listings down 18.2% compared to September 2021 Total listings on the market up 8% compared to September 2021 Sales 35.7% below the 10 year average for September Detached Market Townhome Market Condo Market
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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…
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August 2022 Vancouver Real Estate Market Recap
What happened in August 2022 in the Greater Vancouver Housing Market? Sales are down 40.7% from August 2021 New listings down 17.5% compared to August 2021 Total listings on the market down 7.3% compared to August 2021 Sales 29.2% below the 10 year average for August Detached Market Townhome Market Condo Market
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July 2022 Vancouver Real Estate Market Recap
What happened in July 2022 in the Greater Vancouver Housing Market? Sales are down 43.% from July 2021 New listings down 9.5% compared to July 2021 Total listings on the market up 4.4% compared to July 2021 Sales 35.2% below the 10 year average for July Detached Market Townhome Market Condo Market
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June 2022 Vancouver Real Estate Recap
What happened in June 2022 in the Greater Vancouver Housing Market? Sales are down 35% from June 2021 New listings down 10.1% compared to June 2021 Total listings on the market down 3.8% compared to June 2021 Sales 23.3% below the 10 year average for June Detached Market Townhome Market Condo Market
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May 2022 Vancouver Real Estate Update
What happened in May 2022 in the Greater Vancouver Housing Market? Sales are down 31.6% from May 2021 New listings down 10.5% compared to May 2021 Total listings on the market down 8.8% compared to May 2021 Sales 12.9% below the 10 year average for May Detached Market Townhome Market Condo Market
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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…
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April 2022 Vancouver Real Estate Market Update
What happened in April 2022 in the Greater Vancouver Housing Market? Sales are down 34.1% from April 2021 New listings down 19.5% compared to April 2021 Total listings on the market down 23.1% compared to April 2021 Sales 1.5% above the 10 year average for April Detached Market Townhome Market Condo Market
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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…
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March 2022 Vancouver Real Estate Market Update
What happened in March 2022 in the Greater Vancouver Housing Market? Sales are down 23.9% from March 2021 New listings down 19.5% compared to March 2021 Total listings on the market down 16.6% compared to March 2021 Sales 25.5% above the 10 year average for March Detached Market Townhome Market Condo Market
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Is Renting or Buying the Right Choice for You?
Should you choose to buy or rent? What’s the best move for you? The answer will be different for everyone but here are some things to consider: Benefits of Owning: 1. Building Equity A major benefit of owning is that you’re able to build equity in the home. Real estate in Vancouver has been continually…
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February 2022 Vancouver Real Estate Market Update
What happened in February 2022 in the Greater Vancouver Housing Market? Sales are down 8.1% from February 2021 New listings down 8.4% compared to February 2021 Total listings on the market down 19.3% compared to February 2021 Sales 26.0% above the 10 year average for February Detached Market Townhome Market Condo Market
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Should you help your children invest in Real Estate in Vancouver?
As a Realtor in Vancouver and a parent of young adult children, I am often asked by friends my thoughts on how to get their kids to think about investing in Real Estate in Vancouver and as a parent should they financially assist? I love this question because I certainly remember when my husband and…
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January 2022 Vancouver Real Estate Market Update
What happened in January 2022 in the Greater Vancouver Housing Market? Sales are down 4.4% from January 2021 New listings down 6.9% compared to January 2021 Total listings on the market down 31.8% compared to January 2021 Sales 25.3% above the 10 year average for January Detached Market Townhome Market Condo Market
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2021 Vancouver Real Estate Market Review
What happened in 2021 in the Greater Vancouver housing market? Watch Casey Archibald’s breakdown of the market over the past 12 months and his predictions for what to expect in 2022!
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Choosing Your Real Estate Agent – For Buyers
So how do I pick the best real estate agent? This can be a daunting question for many people who are in the market to buy real estate. Gene Hackman had the same daunting question to ask himself in the classic Cinderella-story sport film, The Replacements, when he played Jimmy McGinty, the head coach of…