What do you do with your time? Do you ever find yourself wishing you had more time? Maybe, you’ve complained that there wasn’t enough time in a day? Any way you cut it each day consists of 24 hours That’s 1,440 minutes, or 86,400 seconds. How much of that time are you using effectively and…
Harold Samuel coined the phrase “location, location, location” as the three things that matter most when buying a property. Well, he’s not wrong. The fact that property is immobile is why Location is such an important criteria to consider when looking to purchase a property. Not only the location itself but all the externalities that…
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…
(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…
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…
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.…
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…
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,…
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…
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…
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…
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…
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…
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