June 14th, 2021
Home sales may have decelerated in most Canadian markets in May, but prices still rose on a monthly basis because there are fewer new listings on the market, says a … [read more]
June 14th, 2021
Vancouver, BC – June 14, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 12,638 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
Comments Off on BCREA New Listings in Outside of Metro Vancouver Have Started to Flatten Out
June 14th, 2021
New homebuyers kicked off 2021 with a bang, scooping up 6,208 new properties across the Vancouver region in the first quarter of the year. That figure represents a 174 percent … [read more]
Comments Off on Vancouver Region New Home Sales Soared 174% in Q1 2021
June 12th, 2021
Garages have evolved in recent years to do more than just serve as storage for your vehicles. Many homeowners are converting garages into workshops and even office spaces where they … [read more]
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June 9th, 2021
What is The Time Frame for Closing on A Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on … [read more]
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June 9th, 2021
The record-setting pace of home sales in the Vancouver market seen in the early months of the year died down in May, as 4,268 properties changed hands across the region. … [read more]
Comments Off on Detached Homes, Townhomes & Condos Remained Comfortably in Seller’s Market Territory
June 9th, 2021
An Oxford Economics report recently bestowed upon Vancouver the dubious honour of being North America’s least affordable city, and according to a local real estate professional, that won’t change unless … [read more]
Comments Off on Vancouver’s Affordability Woes Amplified by Supply Shortage
June 8th, 2021
Millennials, along with baby boomers, are driving real estate activity. As a matter of fact, the National Association of Realtors has noted that this generation of young adults comprises the … [read more]
Comments Off on The Right Steps for A Millennial to Invest in Real Estate
June 8th, 2021
As of today, it’ll be a bit tougher for new and renewing mortgage borrowers to qualify for their home loan. A higher threshold for the “stress test” has come into … [read more]
Comments Off on How will The Stress Test Impact Homebuyers & Housing Affordability Across Canada?
June 8th, 2021
The total value of residential building permits issued in Canada last month has pulled back from a peak in March, led by a double-digit decline in British Columbia. More than … [read more]
Comments Off on The Value of BC Residential Building Permits Issued Up 23% Y/Y
June 7th, 2021
Today’s housing market is notoriously tight, and limited inventory is making it difficult for buyers to snag homes that meet their needs and fit within their budgets. But that doesn’t … [read more]
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June 7th, 2021
Young homebuyers have found themselves in a “weird downturn” over the past year, according to Tom Davidoff. “When you’re stuck at home, it’s nice to have a bigger home,” said … [read more]
Comments Off on Inflation Threatens to Push Some Homebuyers into Precarious Financial Positions
June 7th, 2021
The BCREA Commercial Leading Indicator (CLI) rose from 144 to 150 in the first quarter of 2021, representing the third consecutive increase as the economy recovered from the COVID-19-induced recession. … [read more]
Comments Off on Economic Recover Drives Commercial Real Estate Higher in Q1
June 5th, 2021
Summer is a great time for home improvement projects and DIY updates around the house. Set some time (and money) aside this summer to give your home some TLC. Not … [read more]
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June 4th, 2021
Among all the uncertainties that the past 14 months has brought to the U.S. housing market, one of the few things that has remained constant is the value that home … [read more]
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June 4th, 2021
Here is some bright news for buyers, according to Realtor.com, new MLS listings were up in early to mid-April by about 40% over last year. But that statistic needs to … [read more]
Comments Off on What Homebuyers Can Do in A Sellers’ Market?
June 4th, 2021
As we inch closer to the middle of 2021, there’s no question that it’s already been a barnburner of a year for BC’s housing market. Signs that the heat is … [read more]
Comments Off on Red-Hot BC Housing Market will Cool in 2022
June 3rd, 2021
Wondering what potential buyers are looking for when buying a home in Summer? Before you put your house on the market, there’s a bit more than market research, freshen-up paint, … [read more]
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June 3rd, 2021
Home sellers are expecting multiple offers on their homes and bidding wars that will enable them to fetch a much higher price than its current value, due to current housing … [read more]
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June 3rd, 2021
SURREY, BC – Fraser Valley’s extraordinary pandemic real estate market continued to break sales records – for the ninth consecutive month – while at the same time, reaching near-historic levels … [read more]
Comments Off on FVREB Record-Breaking New Listings & Record-High Home Sales
June 3rd, 2021
A new affordability report from a global economics consulting firm has named a trio of Canadian housing markets as the least affordable on the continent. The North America Housing Affordability … [read more]
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June 2nd, 2021
Maybe you need help with your mortgage payments, property taxes, or want some extra cash flow, whatever the reason is, you’re considering renting out your home. We will provide some … [read more]
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Comments Off on Why are Home Prices Still Rising Even Sales Activity is Down?