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
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 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 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…
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…
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.…
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: 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…
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…
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…