Should I Build Or Should I Buy A Home?

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If you are in the market for a new home, you may have considered building from scratch instead of buying a resale home. While the decision isn’t always simple or obvious, each option has its pros and cons. Building a new home – advantages Control over details You can personalize the details of your home […]

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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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REBGV Market Update For March 2019 – Potential Homebuyers Sidelined For The Short-Term.

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The highlight of the March 2019 market report released by the Real Estate Board of Greater Vancouver (REBGV), showed that prospective buyers remain on the sidelines in March. “Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced,” Ashley Smith, REBGV president said. […]

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How To Protect Yourself From Mortgage Fraud As Home Buying Season Dawns Upon Us

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Winter is over, the snow is beginning to melt, temperatures are getting warmer and “for sale” signs will begin springing up in various neighborhoods. This is the signal for home buying season. If you are planning on buying a home, here’s how you can avoid being a victim of mortgage fraud and protect yourself and […]

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The Cost Of Selling Your Home Without A Real Estate Agent – Is It Worth It?

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Using a real estate agent to sell your home will cost you money. After all, you are using a trained professional who has taken a lengthy course and is licensed. But everyone likes to save money, and if you can save thousands of dollars by hiring your own photographer and selling it online, how difficult […]

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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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Carbon Monoxide Leaks – Are You Adequately Informed And Protected Against This Fatal Gas?

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  It’s an odourless, colorless and potential deadly gas that is a byproduct of incomplete combustion – anything that burns a fuel emits carbon monoxide or CO. This deadly gas can escape from a furnace or boiler malfunction, a gas fireplace, or any appliance that burns a fuel. Someone who is asleep can die from carbon […]

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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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Should I Sell Or Should I Renovate? – Important Points To Consider

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You have been in your present home for a number of years, the family is growing and you have been thinking about moving into a home that fits your needs.  You want a new home but you love your neighbours, your yard, the schools are close by, the bus stops 15 feet from your entrance,……these […]

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REBGV Market Update For June 2018 – Supply Of Homes For Sale Reached A 3 Year High

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The highlight of the June 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV), showed that home sales dipped below long term historic averages, and supply reached a 3 year high. “Buyers are less active today. This is allowing the supply of homes for sale to accumulate to levels we haven’t […]

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Here’s What You Need To Know About The New Real Estate Rules Recently Rolled Out.

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On June 15, the BCREA rolled out new rules aimed at better protecting both home buyers and sellers. The real estate board mandated an independent advisory group in June 2016 to look at market conduct in view of the white-hot market and all the scandals and shady dealings that were affecting consumers at the time. […]

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Thinking Of Helping Your Child Buy A First Home? Here’s How You Can Do It.

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Remember the good old days when you began your early independent life with a nice starter home in the suburbs with a small lawn to cut in the summer, and a driveway to shovel in the winter? A few years later you bought a bigger home, moving up in life and work….Not anymore. Today the […]

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6 Great Ways To Enjoy And Add Value To Your Home

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Typically, your home is your most valued possession and investment. Below are 6 ways of improving your property and adding value at the same time. These renovations can sometimes have a return on investment of 5-6 times the initial investment. 1) Add an income suite. If you have a basement that is not being used, […]

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REBGV Market Update For May 2018 – Housing Inventory Increased As Supply Accumulated.

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The May 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV) noted that reduced demand allowed the housing supply to accumulate across Metro Vancouver. “With fewer homes selling today compared to recent years, the number of homes available for sale is rising,” Phil Moore, REBGV president said. “The selection of homes […]

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Are Vancouver’s Priciest Homes Becoming More Affordable?

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It was only 2 years ago when Vancouver’s luxury real estate market was one of the best performing in the world.  Today, according to the Knight Frank Global Cities Index, Vancouver sits as the second worst performer over a 6-month period to March 2018. The April benchmark price for a single family home in East […]

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Real Burglars and Home Invaders Sharing Their Secrets On Where They Strike and How You Can Avoid Becoming A Target.

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When it comes to securing our homes we all think we are doing the right thing by buying expensive alarm systems, installing security cameras, putting our lights on timers, etc. But does any of that really scare the burglars away? Not really, according to a ground breaking survey done on convicted burglars and home invaders […]

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REBGV Market Update For April 2018 – Fewer Home Buyers And More Sellers.

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The April 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV) noted that market conditions are changing, whereby home sales declined and seller activity increased. “Market conditions are changing. Home sales declined in our region last month to a 17 year April low and home sellers have become more active than […]

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Areas In The Lower Mainland That Are Most Likely To Be Impacted During An Earthquake

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The Big One is coming! We live in earthquake country and earthquakes occur off our coasts on a daily basis. Luckily most residents are totally unaware and never feel any effects. The Lower Mainland has been dodging the bullet and has not had a major earthquake….yet. Geographically, we are positioned close to a fault line […]

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6 Great Tips To Ensure That Your Garden Will Stay Healthy This Summer

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Winter is behind us and spring is here! Now is the time to start working on your garden, because the work you do now will ensure your garden stays healthy well into the summer. Keep watering your lawn Of all the things your lawn needs, water is the most important.  The mistake many people make […]

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When Buying A Condo, Make Sure You Are Aware Of These 4 Important Strata Bylaws

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In the past few years, the Metro Vancouver real estate scene has become very expensive. For many who want to get into the real estate market, detached homes are simply unaffordable, and purchasing a condo and town home is the only affordable solution. Developers are now aware of this fact, and there are a number […]

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REBGV Market Report For March 2018 – Housing Sales Dip While Prices Rise

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The Real Estate Board of Greater Vancouver (REBGV) released its housing report for March 2018. It reported that Metro Vancouver home sales continued to drop on a year-over-year basis. According to RBC Senior Economist Robert Hogue, the region’s sales decline is not surprising due to the mortgage stress test that had been introduced at the […]

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10 Reasons Why You Should Use A Realtor When Purchasing A Pre-Sale Deal

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Buying a condo through a “presale deal’ is when you make an initial lump sum payment for the right to receive a finished unit at the end of the deal.  It is a popular practice especially in the Lower Mainland, where there a number of condo projects currently under construction. Some huge advantages to buying […]

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The Steel Tariffs: We Have A Temporary Reprieve, But Will Trump’s Proposed Tariffs Affect Canadian Real Estate?

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Last week, US President Donald Trump announced plans to impose a 25% tariff on steel imports and a 10% tariff on aluminum, in a bid to boost domestic production and add new jobs. Yesterday we got some relief as the proposed tariffs for Canada have been shelved for the time being. But, if the tariffs […]

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REBGV Market Report For February 2018 – A Weak February Overall.

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According to the Real Estate Board of Greater Vancouver (REBGV) report for February 2018, condo prices rose as inventory failed to keep up with demand, but single-family homes continued to be in a buyer’s market. Despite the condo market’s strong performance, the statistics show that it was a weak February overall, as new mortgage qualification rules, rising […]

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Latest BC Budget Takes Shots At Cooling The Red Hot Real Estate Market.

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The long awaited budget by the new NDP government has lived up to its promise by aggressively addressing BC’s urban real estate market.  This budget is aimed at cooling speculation, dropping house prices and taxing wealthy offshore buyers. However, there is no way to see how these measures will affect the market in the long […]

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REBGV Market Report For January 2018 – Condos and Townhomes Were Still In Demand. Detached Homes Lacked Buyers.

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The Real Estate Board of Greater Vancouver (REBGV) report for January 2018 was released early this month. Townhomes and condos continued to dominate the real estate market  – a trend that has carried forward from 2017. Detached homes, on the other hand, faced less competition. “Demand remains elevated and listings scarce in the attached and […]

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The Smart Homes Revolution: You Cannot Ignore It.

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The Smart Homes Revolution: You Cannot Ignore It. In today’s homes, Smart Home technology is becoming more and more ubiquitous and difficult to avoid. It encompasses things like thermostats, lighting, video etc.; just about everything at home can be connected to a smart device making our lives easier. For example, the Smart Home revolution has […]

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REBGV Market Update For December 2017 – Condo and Townhome Sales Continued to Dominate.

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The December 2017 Real Estate Board Of Greater Vancouver (REBGV) market report showed that the prevailing trend of the last few months, continued in December. Home Sales December sales of detached, attached and apartment properties totaled 2,016, a 17.6% increase from December 2016 and a 27.9% decrease from the previous month. December sales were 7.5% […]

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Will The “Locals First” Policy Work At Reducing Vancouver Condo Prices?

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Vancouver’s on going escalating real estate prices and low availability have been a contentious issue with local residents. In October 2017, Mayor Gregor Robertson introduced a controversial motion in Council  – “Locals first “ condo pre-sale policy –  aimed at preventing real estate developers from offering out of province buyers first chance at condo presales […]

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New Mortgage Rules – Important Information For Homebuyers, Especially First-Time Homebuyers.

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Beginning on January 1st 2018, the Office of the Superintendent of Financial Institutions (OFSI) introduced 3 new rules that hit first time homebuyers and those thinking of refinancing their homes, the hardest. New minimum qualification rate or “stress test” All prospective homebuyers, even those with a down payment of over 20% have to pass this […]

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If You Own A Home With An Illegal Secondary Suite, Here’s Why You Should Get It Legalized.

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With home prices in the Lower Mainland reaching dizzying heights, many homeowners are looking at ways of offsetting the high mortgage costs. So it should come to no surprise that secondary suites have become a widespread practice, especially with the incredibly low rental vacancy rate. But a large proportion of homes with secondary suites in […]

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Here’s A Summary of Vancouver’s New Housing Strategy For The Next 10 Years

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Vancouver is ranked as one the most unaffordable cities in the world in terms of owning a home and has a vacancy rate for rental units of under 1%. After a year of studies and consultations, The City of Vancouver is proposing sweeping changes in a new 10-year housing strategy just released. It’s a plan […]

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Important Tips On How To Protect Your Garden From Frost During This Cold Weather

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The freezing weather we are currently experiencing can harm or kill plants and damage crops. The cold weather especially frost, causes the water in the plant cells to freeze, damaging the cell wall. Plants most vulnerable to frost are: Spring blooming shrubs and trees such as cherry, azalea, and rhododendron Houseplants and tropicals Tender bulbs […]

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REBGV Market Update For November 2017 – We Are Continuing To Experience Above-Average Demand And Below-Average Supply

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The latest Real Estate Board of Greater Vancouver (REGBV) report on the November 2017 real estate market, showed modest home listing changes and steady demand. Jill Oudil, the current REGBV President remarked, “ We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium […]

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BCREA – BC Housing Market Will Continue To Cool In 2018, But Prices Will Not Soften

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In the release of its 2017 Fourth Quarter Housing Forecast, the British Columbia Real Estate Association (BCREA) is showing an expected 8.8% decrease in residential prices across the Province this year, and a further 10.4% decline next year. The average MLS residential price in BC is forecast to increase 3.1% to $712,300 this year, and […]

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Haven’t Got Your Christmas Lights On? We’ll Show You How To Get Your Home Looking Merry And Bright!

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Light up the night this holiday season by adding some sparkle to the outside of your home! Here are some easy tips on how to do it right: 1) Develop an overall plan of what you want your home to look like when it is lit up. For a clean professional look, keep your color […]

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Vancouver Approves New Bylaws To Regulate Short-term Rentals Such As Airbnb.

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On November 14, Vancouver City Council voted 7-4 to approve controversial short-term rental regulations. Starting April 1st 2018, owners and renters will only be allowed to rent out their principal residence, for a period of less than 30 days at a time. Each applicant will have to pay a one-time activation fee of $54, a […]

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REGBV Market Update For October 2017 – We Continued To Be In Seller Market Territory.

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Once again the majority of the sales for October were concentrated in the townhouse and condominium market.  Last month’s sales were 15% above the 10 year October Sales average. According to the REGBC president, “Conditions (in October) continue to vary significantly based on property type. The detached home market is well supplied with homes for […]

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Three Principal Reasons Why The Condo Market Is So Hot in Vancouver

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The market for detached homes may have cooled when compared to last year, but on the other hand, Vancouver’s condominium market has seen double-digit percentage increases from last year. What is responsible for this year’s super hot condo market? A perfect storm comprising of three competing sectors: First Time Buyers Normally, a condo is what […]

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A Year After the Foreign Home Buyers Tax – It’s a Great Time To Buy A Luxury Home.

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It’s been just over 1 year since the Provincial government introduced the 15% foreign homebuyers tax to cool the then ultra hot Vancouver real estate market. Since the implementation of the tax in August 2016, Metro Vancouver sales have dropped 44%, and the 3 most popular markets for foreign buyers – West Vancouver, Richmond and […]

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