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

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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 […]

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The 2019 Federal Budget – Making Home Ownership More Possible.

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The 2019 Budget that the Liberal government has recently put forth allows more middle income Canadians fulfill their homeownership dream, by helping them lower their mortgage costs. Specifically, it is implementing 3 measures: CMHC First-Time Home Buyer Incentive Eligible buyers will be offered a 10-per-cent, shared equity mortgage for a new home or five per […]

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REBGV Market Update February 2019 – Increased Supply From Home Sellers And Below Average Demand From Home Buyers

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The Real Estate Board of Greater Vancouver (REBGV) released its February 2019 housing report, and it clearly showed that homebuyers appear to be the ones with power in the current market. Phil Moore, the President of the REBGV said “For much of the past four years, we’ve been in a sellers’ market. Conditions have shifted […]

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REBGV market Update For January 2019 – Fewer Deals And Higher Inventory

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The January 2019 stats released by the Real Estate Board of Greater Vancouver (REBGV) confirmed a continuation of the past few months, whereby home listings continued to increase and homebuyer activity continued to remain below historical averages. “Realtors are seeing more traffic at open houses compared to recent months, however, buyers are choosing to remain […]

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Luxury Home Sales And Prices Have Plummeted. Is It Time To Buy?

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The Foreign buyers tax, Mortgage stress test and incremental mortgage hikes have severely impacted the Vancouver real estate market in the past 2 years. The luxury home market has been hit the hardest:  In 2017 there were 4,282 homes that sold over $1 million – in 2018 only 3,151 units were sold – a drop […]

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REBGV Market Update For September 2018 – Home Sales Continue To Plunge.

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The September 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV) made a very clear statement – supply continues to increase and demand remains below typical levels for this time of the year. “Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market,” […]

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Now Is A Great Opportunity To Take Advantage Of The Softer Market And Invest In Real Estate.

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Investing in real estate is an alternative to investing in the stock market. We are in a buyers market with the number of available listings at all time highs. Now is a great opportunity to take advantage of this situation as prices will eventually start to rise, and you may miss out on a fabulous […]

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REBGV Market Update For August 2018 – Housing Market Calmer.

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All housing types are continuing to see reduced demand as was made clear in the August 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV). August 2018 sales were 25% below the 10 year August sales average. “Home buyers have been less active in recent months and we’re beginning to see […]

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Good News For The Self Employed – Buying A Home Will Be Much Easier

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Self-Employed individuals have had a harder time qualifying for a mortgage as their incomes may vary or be less predictable. This will soon change as from October 1 2018, Canada Mortgage and Housing Corporation (CMHC) will make changes that will make it easier for the self employed to secure a mortgage. The self employed make […]

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Corporate Secrecy On Landownership In BC May Soon Be Gone

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In 2001 when Gordon Campbell became premier of this province, he amended the Business Corporations Act, by declaring a law (Section 49) that prevented the media from visiting a corporate registered records office to find out who owns the company. This was a thorny issue with Transparency International Canada, which has been saying all along, […]

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