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…
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.…
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…
Activity is up dramatically. It’s been up over the past 8 months and we are now starting to see…
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…
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?…
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…
Looking back on Vancouver Real Estate marketing January what did we see? The Vancouver real estate market is in full swing as we welcome the new decade.
The Vancouver real estate market is in full swing as we welcome the new decade. The market has seemingly returned to more historical levels as monthly statistics continue to report high sales numbers, as they have done so for the last 7 months. Sales have increased month over month as buyer confidence has returned, and…
2019 Can be summarized by the word “Demand”. Buyer demand was very low to start 2019 after a ton of policy change in 2018. By the mid way mark the pent-up demand took over and we had a full shift.
The Vancouver Real Estate Market saw 55% more sales this November compared to this month a year ago. It also put us 4% above the 10-year average for November. We had 13% LESS new listings and 12.5% fewer total listings this November compared to last.
Vancouver is one of the most beautiful cities in the world; with a stunning setting between the North Shore Mountains and Pacific Ocean. We are considered the “Hollywood of the North”, coming second to Los Angeles in TV production and third in feature film production. We are a Port City, tech hub, and front runner for sustainability.…
The Metro Vancouver housing market will see higher sales and modest price increases over the next two years, according to a Canada Mortgage and Housing Corporation forecast. The CMHC report forecasts income and population growth will not only support a rebound, but also create a balanced housing market in Metro Vancouver through 2020 and 2021.…
Vancouver has been ranked Canada’s #1 market for real estate investment in 2020, in the annual PwC Canada Emerging Trends in Real Estate report, released this week. In the “Markets to Watch in 2020” section, the report authors said that “despite some headwinds, Vancouver re-emerged at the top of our survey this year for overall real estate…
Airbnb has grown tremendously in the last several years as many travellers go-to accommodation site. Here in Vancouver, the City has a fairly strict policy as to who can Airbnb their property. Prior to 2018, rental stays for less than 30 days were not permitted in Vancouver, except for licensed hotels or bed-and-breakfasts in certain…
We hear all the time if the Vancouver Real Estate market is in a bubble or if the bubble is going to burst. In order to answer this question we likely need to determine what is a real estate bubble? We also need to determine what constitutes a bubble bursting? First off what is a…
When you are ready to buy your first home you have a few critical decisions to make. First you need to decide how much you are willing to spend. You should get a pre-approval from a mortgage broker, and from there decide if you want to max that out or spend a bit less so…
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. Essentially an assignment is when a purchaser of a property sells their contract to a new purchase before…
Chapter 1: Know What’s Selling Springtime; typically one of the busiest seasons for Real Estate. I’m incredibly curious to see what the April statistics have in store for us. We see so many posts, on so many mediums, casting a very dark light on the market. Everyone seems to be getting inundated with information without…
I recently went to the realtor prescreening of the Vista project by Dolomiti Homes in Burquitlam. We have been selling quite a few homes to our clients in the suburban areas surrounding Vancouver, as people are tired of paying a premium for square footage in the city when commuting via skytrain is quick, easy and…