April 14th, 2021
Newly proposed rules from Canada’s financial regulator would tighten up the existing mortgage stress test by increasing the qualifying rate for uninsured mortgage loans. The proposal from the Office of … [read more]
April 14th, 2021
The current furious pace of homebuyer activity, along with rapidly accelerating price increases seen since mid-2020, are unlikely to last into 2022. While the Canadian housing market’s strength was a … [read more]
Comments Off on Housing Market Set for A “Significant Cooldown” Over The Next 2-3 Quarters
April 13th, 2021
The numbers and the anecdotal evidence are clear : while Metro Vancouver’s housing market has been on a surprising tear during the COVID-19 pandemic, the market for foreign buyers looking … [read more]
Comments Off on Foreign Buying Activity Slows Dramatically, But will That Slowdown Continue?
April 13th, 2021
Razor-thin inventory may be straining the housing market, but experts say the ongoing boom in home remodeling may be exacerbating the issue. “When the pandemic hit in mid-March, and the … [read more]
Comments Off on Various Pandemic-Induced & Remodeling Activity Factors Have Contributed to The Already-Strained Housing Supply
April 13th, 2021
Vancouver, BC – April 13, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 15,073 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on New All-Time Record for Monthly BC Home Sales
April 13th, 2021
March was a record-setting month in Metro Vancouver with 5,708 sales, says the Real Estate Board of Greater Vancouver (REBGV). Sales surged by 126.1% year-over-year from 2,524 in March 2020, … [read more]
Comments Off on Record Home Sales in Metro Vancouver, Up 126% Y/Y
April 12th, 2021
According to a 2018 Consumer Housing Report by Zillow, today’s buyer spends an average of four and a half months looking for a home before making an offer. That’s nearly … [read more]
Comments Off on Selling or Shopping for A New Home? Timing Really is Everything
April 12th, 2021
We’ve all heard the Canadian real estate stories, especially in Greater Toronto. An agent lists a property below market value, and dozens of offers pour in. It eventually sells much … [read more]
Comments Off on The Opaque Real Estate Bidding Process
April 12th, 2021
By mid-way through March it was already clear that it was going to be a remarkable month for Vancouver region home sales. At mid-month, Dexter Realty’s Kevin Skipworth wrote that … [read more]
Comments Off on Metro Vancouver Housing Market Represented A Noteworthy Rise in New Listings, Home Sales & Prices
April 10th, 2021
Installing beautifully designed and functional blinds can transform the interior of your home. Blinds are a highly durable window treatment option consisting of slats or vanes tied together, and able … [read more]
Comments Off on Functional Blinds Selection Tips for Every Room
April 7th, 2021
Buying your first home is one of the most adult purchases you will ever make in your entire life. It is a daunting yet magical experience to have a home … [read more]
Comments Off on Simple New Home Security Options
April 7th, 2021
Luxury home sales in Vancouver are expected to keep rising through 2021, according to a new report from Sotheby’s International Realty Canada. Sales in the city’s high-end housing market rose … [read more]
Comments Off on Vancouver Luxury Market are Expected to Keep Rising Through 2021
April 7th, 2021
SURREY, BC – Fraser Valley real estate hit two historical highs in March, setting records for both sales and new listings processed in one month since the Fraser Valley Real … [read more]
Comments Off on FVREB New Listings Increased 91%, Home Sales Up 131% Y/Y
April 7th, 2021
Nearly one year after condo sales sunk at the onset of the COVID-19 pandemic, new data shows that buyers have been returning to downtown Vancouver’s high-rise market. According to recent … [read more]
Comments Off on Vancouver Condo Sales Rebound, A Mild Increase in Price
April 6th, 2021
Although many real estate professionals with an opinion about investing in apartment buildings believe complexes with more than 150 units are the best way to go, it’s not necessarily true. … [read more]
Comments Off on Many Good Reasons to Invest in Medium-Size Apartment Buildings
April 6th, 2021
Spring buying season, the busiest time of the year in real estate, is upon us and large cities like Toronto and Vancouver are hotter than they’ve ever been. Unfortunately, that … [read more]
Comments Off on Don’t Waive Home Inspections During Spring Homebuying Season
April 6th, 2021
While BC real estate companies are still navigating the impacts of the COVID-19 pandemic, this is an ideal time to reflect on lessons learned so far. At the start of … [read more]
Comments Off on Lessons Learned from COVID-19 in BC Real Estate
April 5th, 2021
If you have a home of your own, you already know how to think like a buyer. You know buyers look for a home that’s structurally sound, with modern amenities … [read more]
Comments Off on How to Make Homes More Valuable to Buyers
April 5th, 2021
As of the end of February, the average price of a BC home was $866,583, up by $126,000 over the same time a year ago. That increase equates to a … [read more]
Comments Off on BC Home Price Increase Equates to A 17% Annual Increase (Up $126K)
April 5th, 2021
When it comes to addressing Canada’s rapidly overheating housing market, getting more homes built, especially affordable rentals, is the first recommendation RBC Senior Economist Robert Hogue has for policymakers. The … [read more]
Comments Off on Overheated Housing Market Needs Speeding Up New Home Approvals Process & Adjusting Zoning
April 3rd, 2021
Are you looking to improve your curb appeal on a budget? The success of your home’s resale depends on different factors, and it includes its physical attribute, one being the … [read more]
Comments Off on Budget-Friendly Curb Appeal Projects with A Big Impact
April 2nd, 2021
Doing renovation or maintenance on your home is always a risky process. The work you do shouldn’t put the existing structure at risk and you need to manage your budget … [read more]
Comments Off on Best ROI Projects to Help Add Home’s Value
Comments Off on Proposed Tighter Mortgage Rules Won’t Impact Skyrocketing Home Prices