Author: archiwebmanager
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June 2021 Vancouver Real Estate Market Update
What happened in June 2021 in the Greater Vancouver housing Market? 3,762 Sales – 18% Above the 10 year average for June Detached Market Townhome Market Condo Market
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April 2021 Vancouver Real Estate Market Update
What happened in April 2021 in the Greater Vancouver housing Market?
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March 2021 Vancouver Real Estate Market Update
What happened in March 2021 in the Greater Vancouver housing Market?
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Preparing Your Finances For Purchasing a Home
(FEATURING GUEST SPEAKER: RAY MACKLEM, MORTGAGE PROFESSIONAL) So you’re thinking about purchasing a home, you’ve thought about the perfect location and the perfect look but do you have your finances in order? I mean why not get to the fun stuff right away? Well, preparing your finances and getting pre-approved is a huge factor in…
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January 2021 Vancouver Real Estate Market Update
What happened in January 2021 in the Greater Vancouver housing market?
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Vancouver 2020 Real Estate Market In Review
What happened in 2020 in the Greater Vancouver housing market? – February 45% more sales than 2019 – April 40% fewer sales than previous year & prices were up 2.5% – May was the only month we saw a decrease in prices at 0.5% – June 17% more sales than 2019 & prices were up…
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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…
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October 2020 Vancouver Real Estate Market Update
What happened in October 2020 in the Greater Vancouver housing market? 2nd busiest month on record for The Real Estate Board of Greater Vancouver with 29% more sales this month compared to last year Only 1.5% more listings than last year Detached market pushing the numbers Benchmark price is up across the board The detached…
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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…
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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.…
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September 2020 Vancouver Real Estate Market Update
What happened in September 2020 in the Greater Vancouver housing market? Record-breaking month, more sales this September than any September on record 55% more sales than last September, 45% more compared to the 10-year average 2.5% fewer listings, pushing prices up Benchmark Price is up 6% from last year to $1,410,000. Detached market up just…
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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…
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How to Win in Multiple Offers
How to Win in Multiple Offers
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Assignments in Vancouver Real Estate
What are Assignments? How do Assignments work? What should we expect from Assignments moving forward? The Greater Vancouver real estate market has seen a tremendous amount of new construction over the years. With new construction comes assignments.
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What happened in August 2020 in the Greater Vancouver housing market?
37% increase in sales this august since 2019 20% more compared to the 10-year average For more information feel free to reach out directly!
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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,…
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What happened in July 2020 in the Greater Vancouver housing market?
What happened in July 2020 in the Greater Vancouver housing market? – July sales were up 9.4% above the 10-year average, while new listings were down 15% compared to July 2019. – All of this has really pinched prices upwards. – The Benchmark Price is up 4.5% from last year to $1,031,400. – Detached has…
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Big Changes in Borrowing, The Real Estate Market & Society as a Whole
First off, I want to say that I truly hope that you and your family are doing well. It’s hard to believe the state of the world right now and the collective grief we are experiencing, but I’m hopeful it will be followed by great change. I usually don’t like to get political on here but I feel it…
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April 2020 Vancouver Real Estate Update:
How did Corona Virus impact the Vancouver Real Estate Market in April 2020? First off it slowed activity DRASTICALLY but it hasn’t impacted prices quite yet. Sales were down 67% from the 10 year April average and down 40% from April 2019. With that being said new listings were down 60% compared to April 2019.…
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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…
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March 2020, Vancouver Real Estate Update:
Activity is up dramatically. It’s been up over the past 8 months and we are now starting to see…
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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…
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COVID 19 & The Effect On The Real Estate Market
I hope that you are keeping well in these tumultuous times. It’s definitely been an emotional time as we see the world starting to stall to prevent further spread of COVID 19. The question this week has really been how is this all going to shake out and what exactly are we seeing in the Real Estate Market?…
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Bank of Canada Rate Cut
Rates dropped this week … coronavirus effects caused the Fed to drop their rate 0.50% on Tuesday and the Bank of Canada followed on Wednesday: the Fed move was definitely a shock, as they were not scheduled to announce until March 18. The Fed hasn’t made an unscheduled announcement since 2008, and even then it…