Category : Luxury real estate

“Virtual Staging” Can Be Misleading. Make Sure You Are Aware Of This

We are living in a sophisticated digital era where real estate photo enhancement is being done on a massive scale. There is also sophisticated virtual staging software available, where one can completely transform the makeup of a listing in a very short period of time. Both factors have helped transform the home staging concept. Consider this: You find a house that appears to be what you’re after, and you tap into the photos section of the listing to see the interior shots. The house looks great for the asking price. Everything appears to be in good physical condition, you’re impressed…

Here Are Some Great Ideas On Buying A Home, For First Time Home Buyers

Owning a home is a dream and a goal for most of us. But today’s first time homebuyers face numerous challenges in the form of higher prices and government regulation, which makes this dream more difficult and out of reach for some. So as a potential first time homebuyer, you have to change the way you think and act differently. Here’s how: Get a renter to help with the mortgage payment. If you are buying a home, then convert the basement into a suite that can be rented out. If you are buying an apartment, get a 2 bedroom one…

REGBV Report April 2019 – The Trend of Reduced Demand And Increased Supply Still Prevails In The Market.

The latest Real Estate Board of Greater Vancouver (REGBV) report on the April 2019 real estate market, shows that buyers are reluctant to get into the market and sellers are being forced to be creative. Product that is staying on the market for more than a month is seeing discounts that were unheard of 2 years ago. For a decade it has been a sellers market. This has changed. Residential property sales totalled 1,829 in April 2019, a 29.1% decrease from the 1,829 sales recorded in April 2018 and a 5.9% increase from the 1,727 homes sold in March 2019.…

Fixed Rate Mortgages Are Now More Sought After Than Variable Rate Mortgages

According to most mortgage brokers today, fixed rate mortgages are outnumbering variable rate mortgages. Until a few years ago, variable rate mortgages were the savvy homeowner’s go to choice, where the homeowner typically paid a lower interest rate for a variable rate compared with a fixed rate, and the borrowing costs would adjust when the Bank of Canada changed its overnight rate. Since the summer of 2017, the Bank of Canada has been nudging up interest rates. We now have short, medium and long term interest rates that are very close to each other. Normally the rates go up as…

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